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$ZORA Token Launch and Airdrop:
Zora launched its native $ZORA token on April 23, 2025, on Base, Coinbase’s layer-2 network, with a total supply of 10 billion tokens. The launch included a retroactive airdrop of 1 billion tokens (10% of the supply) to early users, such as those who minted, bought, or listed NFTs, used Zora’s L2, or referred others.
The token, described as a “memecoin for the Zora community,” aims to enhance community engagement without governance or equity rights. However, the launch faced challenges, with the token dropping over 50% from its initial price spike, reflecting trader skepticism about venture capital-backed tokens. Some traders on X expressed frustration, feeling used as “exit liquidity” for insiders. 2 replies
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Market Volatility and Tariff Impact: Bitcoin (BTC) recently dropped below $80,000, stabilizing around $79,000, amid global market concerns over U.S. tariffs announced by President Donald Trump. Ethereum (ETH) fell over 20%, trading below $1,500, while Dogecoin (DOGE) saw a 20% decline. The tariff-driven uncertainty led to $240 million in outflows from crypto exchange-traded products (ETPs), with Bitcoin ETPs hit hardest. However, crypto-related stocks like Coinbase saw $8 million in inflows, showing some resilience. 2 replies
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Bitcoin has experienced notable volatility recently, largely influenced by U.S. President Donald Trump’s latest tariff announcements. On April 2, Bitcoin dropped from near $88,000 to just above $83,000 following the tariff reveal, which rattled markets and sparked a sell-off in riskier assets like cryptocurrencies. By April 3, the price had slid further to around $81,914, a 5% decrease, though it later climbed back to $87,300, according to some reports. This turbulence reflects broader market reactions to Trump’s trade policies, which some analysts suggest could lead to inflationary pressures and impact Federal Reserve decisions. 3 replies
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