Shiny New ZORA Token Loses Its Spark as Traders Remain Wary of VC-Backed Tokens

Zora's much-hyped ZORA token launch was meant to be a celebration — a "fun" moment for its community, and a supposed triumph for the tokenization of content creators everywhere, with strong demand expected for the Coinbase Ventures-backed token.Instead, it has turned into a familiar post-airdrop slog so far: A quick pop in price, followed by a slow bleed.The token, issued late Wednesday, is down more than 50% from a price spike following launch, continuing a grim pattern that has become all too common for tokens pushed by venture-backed projects.“Sold my $ZORA, thanks for playin,” wrote one trader, Faycytw, on X, summarizing the sentiment source: https://www.coindesk.com/markets/2025/04/24/zora-token-loses-its-spark-as-traders-remain-wary-of-vc-backed-tokens