# ZkSync

$ZK ⚠️ Quick warning about the #ZK token #zksync
• The token has been in a clear downtrend since launch with heavy sell pressure from airdrop recipients.
• The token originally had **almost no utility (only governance voting)** while fees on the network are paid in ETH.
• A large portion of supply is allocated to **team, investors, and ecosystem programs**, with unlocks continuing through 2028.
• The project even had a **$5M exploit where an attacker minted ~111M tokens**, which hurt confidence.
• The team is now trying to redesign tokenomics to give the token value (buybacks, staking, etc.),