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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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