Zora Network Announces ZORA Token Airdrop, Binance Lists Token
1min read Zora Network, a dedicated layer-2 solution for NFTs, has officially announced the launch date for its ZORA token. The airdrop is scheduled for April 23, 2025, and will be a retroactive airdrop aimed at users who have actively engaged with the platform. The snapshot data for the airdrop will be split into two phases: the first phase spans from January 1, 2020, to March 3, 2025, and the second phase covers March 3, 2025, to April 20, 2025. Zora plans to allocate 10% of its total 10 billion token supply, which amounts to 1 billion ZORA tokens, for this airdrop. The Zora team will hold 18.9% of the supply, while strategic advisors and development supporters will control over 26%.
Binance has also revealed that it will list ZORA on Binance Alpha on April 23. Binance announced an airdrop of 4,276 ZORA tokens to eligible users who have purchased at least $50 on Alpha using Spot or Funding accounts on Binance Exchange between March 22, 2025, and April 20, 2025. Currently, ZORA is trading at around $0.03 on pre-market platforms, suggesting the airdrop is worth about $30 million. Zora Network’s fully diluted market cap sits at around $300 million.
Ask Aime: What's the estimated value of the ZORA token airdrop?
Zora is more than just an NFT marketplace; it also functions as a protocol that enables third parties to build and sell NFTs. One notable example is its recent integration with Base, a layer-2 project. Base used Zora to tokenize a post on X titled “Base is for everyone,” turning it into an ERC-20 token. That post generated over $30 million in trading volume within 12 hours and earned $70,000 in profit. However, the event sparked controversy, with some users accusing Base of a “pump and dump” scheme after the token’s price plummeted 99% within four hours. At its peak, trading volume on Uniswap hit $13 million before collapsing. Base denied that the token was a meme coin or a pump-and-dump plan, but the incident raised concerns about transparency in projects tied to Zora.
As of the latest data, Zora Network has processed over 87 million transactions and currently attracts about 37,000 active addresses per day. However, user activity has dropped sharply, with the number of active users declining by over 80% in the past year. The NFT market experienced a significant decline last month, with total sales volume across the top 10 blockchains decreasing, suggesting weaker buyer interest.
