A recent report by Nansen has shed light on the market dynamics and recipient behavior following the zkSync token ($ZK) airdrop. The findings indicate that a significant portion of top recipients sold or transferred their entire allocation within the first 24 hours, leading to a substantial impact on the token's market price.

According to the report, 41.1% of the largest recipients, among the first 10,000 addresses, exchanged or transferred all their zkSync tokens on the first day, resulting in a 34.5% drop in the token's price. This massive selling activity highlights the influence of whales on the market and the potential for price fluctuations following large airdrops.

The report also provides insights into the behavior of recipients, revealing that 30.1% transferred or sold part of their tokens, while 28.8% did not transfer or sell any part of their airdrop tokens. This distribution pattern illustrates the different approaches taken by token holders, ranging from instant selling to long-term holding for potential future profits.

The zkSync airdrop has also had a significant impact on the crypto market, with 45% of the total tokens being distributed within the first two hours, causing high network traffic. This claiming behavior demonstrates the high level of interest and interaction with the system from the community, but also exposes potential scalability issues for blockchain networks during such events.

In conclusion, the Nansen report offers valuable insights into the zkSync token airdrop and its impact on the market. The findings highlight the influence of large investors on token prices and the potential for price fluctuations following large airdrops. As the crypto market continues to evolve, understanding market dynamics and whale behavior will be crucial for investors and market participants alike.