The cryptocurrency market saw several notable token launches and airdrops this week, with $ZORA, $DOLO, and $INIT leading the activity. $ZORA, the token of the decentralized NFT platform Zora Network built on Ethereum, officially launched on April 23, 2025, with trading starting on major exchanges including Binance Alpha, KuCoin, Kraken, Bybit, and ShapeShift. The token's fully diluted valuation (FDV) is estimated between $200 million and $270 million, with market cap figures reported around $56 million. $ZORA's launch was accompanied by an unofficial airdrop tool that revealed some users holding six-figure token amounts, though the airdrop requires manual claiming and has sparked some confusion. The project introduced a new “content coins” paradigm, linking fungible tokens to media assets to enhance liquidity and creator earnings. $ZORA is also available for futures trading with up to 5x leverage on platforms like KuCoin and OKX. Coinbase has added $ZORA to its listing roadmap. $DOLO, the native token of Dolomite, a next-generation money market protocol, launched with simultaneous listings on Binance Alpha, Kraken, KuCoin, Bybit, and others. The initial market capitalization was reported at $24.3 million, with 20% of tokens allocated for airdrops and 3% for Boyco depositors. Eligible Binance users can claim 260 $DOLO tokens as part of the airdrop. $DOLO is also available on futures markets and leveraged trading platforms. $INIT, the native token of Initia, went live on April 24, 2025, with trading enabled on Binance, KuCoin, Kraken, Bybit, MEXC, and Bitget. The token has a total supply of 1 billion, with a diluted valuation around $665 million and a market cap near $96 million. Initia’s mainnet launch was confirmed, and the project has attracted investments from HackVC, Delphi, and Binance Labs. $INIT futures trading with up to 5x leverage is available on several platforms, and Coinbase Advanced will add support for $INIT perpetual futures starting April 24. The project is conducting airdrops for early users, with a prize pool of 1 million $INIT tokens. $INIT is also accessible on over 100 blockchains via Pyth Network. Overall, these launches reflect ongoing momentum in the crypto sector, with active airdrops, multi-exchange listings, and expanding futures markets. Users are encouraged to claim tokens through official channels, with no expiration dates on $ZORA and $INIT airdrop claims. The market has seen rapid price movements and high trading volumes, especially for $ZORA, which experienced a 2,130% gain on KuCoin within 24 hours. The launches have generated considerable attention amid some skepticism and debate over token promotion practices, particularly around $ZORA's association with the Base network.