ZKsync Spikes 52% in Just 24 Hour🔥🔥
ZKsync (ZK) Spikes 52% in Just 24 Hours: Vitalik’s Praise Ignites Layer-2 Frenzy In a crypto market still reeling from recent volatility, ZKsync’s native token ZK has defied gravity with a blistering 52% surge over the past 24 hours, catapulting its price to $0.07818 as of 8:00 AM UTC today, per CoinGecko data.
Trading volume exploded to $713 million, signaling renewed investor fervor in this Ethereum Layer-2 powerhouse. The rally caps a week of explosive gains—up 91% overall—fueled by Ethereum co-founder Vitalik Buterin’s glowing endorsement and a record spike in network fees.
Amid broader altcoin dips, ZK’s ascent underscores the resilience of zk-rollup solutions in a maturing DeFi ecosystem. But is this the start of a sustained bull run, or just another pump-and-dump? Let’s unpack the catalysts, charts, and what lies ahead for ZK holders.
ZKsync, developed by Matter Labs, burst onto the scene in 2018 as a zero-knowledge proof (zk-proof) protocol aimed at scaling Ethereum without compromising security or decentralization. Its token, ZK, launched in June 2025 via an airdrop to early users and developers, boasting a fully diluted valuation (FDV) of over $3.2 billion at launch.
Designed to slash transaction costs and boost throughput to 2,000 TPS, ZKsync has become a go-to for DeFi dApps, NFTs, and gaming—processing over 1.5 million daily transactions by October 2025. The protocol’s shift from zkEVM to the Atlas upgrade in early November promised enhanced interoperability, drawing $150 million in TVL inflows last month alone.
October was a bloodbath for most alts, with ZK dipping to an ATL of $0.0245 amid macro fears and ETF outflows. Yet, whispers of Vitalik’s praise turned the tide. In a November 4 blog post, Buterin hailed ZKsync as “underrated” for its revenue-sharing model and zk-proof innovations, calling it a “vital bridge for Ethereum’s scalability.
” The Ethereum founder’s nod—rare for Layer-2s—sparked a 70% intraday pump, with ZK hitting $0.074 before today’s 52% follow-through. Co-founder Alex Gluchowski amplified the buzz on X, teasing a “major tokenomics revamp” tied to fee revenue distribution, projecting 30% of protocol fees back to stakers by Q1 2026.
Network metrics tell the real story: Fees surged nearly 700% week-over-week to $2.1 million, driven by a DeFi boom on ZKsync Era mainnet. Projects like Velodrome Finance and SyncSwap saw TVL jumps of 40%, while NFT volumes on ZKsync marketplaces hit $50 million. On-chain data from Dune Analytics shows whale accumulation: Addresses holding 1M+ ZK scooped up 15 million tokens during the dip, per Glassnode.
X sentiment exploded too—one viral thread called it “Degen Energy in crypto winter,” racking up 200+ likes as ZK climbed 135% over seven days. Broader market tailwinds? Bitcoin’s stabilization above $95,000 post-Fed minutes and Ethereum’s Dencun upgrade echoes have lifted L2 sentiment.
Technically, ZK’s charts scream bullish continuation. The token shattered its 50-day EMA at $0.045 on November 4, triggering a golden cross on the MACD—a classic buy signal last seen in July’s 80% rally. RSI climbed to 72 (overbought but not extreme), while volume bars dwarf October averages by 5x. Key support now at $0.065 (Fib 0.382 retracement), with resistance at $0.085—former ATH zone.
A break above could eye $0.10, per Supertrend indicators remaining green. Futures open interest hit $5.4 million, with positive funding rates (0.0219%) favoring longs. Yet, caution: 80.57% below its $0.321 ATH, ZK’s 34.4% circulating supply leaves dilution risks from the 21B max supply.
The implications ripple far beyond price. ZKsync’s surge spotlights zk-rollups’ edge over optimistic L2s like Optimism (OP), which lags at +12% weekly. With Ethereum’s gas fees averaging $5, ZKsync’s sub-$0.01 tx costs could capture 20% more DeFi volume by 2026, per Messari forecasts. Vitalik’s nod boosts credibility, potentially unlocking institutional inflows—BlackRock eyed ZK integrations for its ETH ETF last quarter.
For Matter Labs, this validates the $200 million Series C raise in 2024, funding Atlas expansions like cross-chain bridges to Solana. Ecosystem players win too: SyncSwap’s liquidity pools swelled 25%, rewarding early ZK stakers with 15% APY.
Zooming out, ZK’s pump mirrors crypto’s bifurcated recovery. While 99% of alts bleed (Fear & Greed at 28), utility tokens like ZK thrive on fundamentals. Daily volume at $517 million ensures liquidity, but low $5.4M futures OI hints at untapped potential. Historical parallels? Polygon (MATIC) spiked 150% in 2021 on similar scaling hype. Yet, risks loom: Regulatory scrutiny on L2 airdrops and Ethereum’s Prague upgrade could cap gains if delays hit.
Looking ahead, the outlook is cautiously euphoric. Short-term, analysts peg $0.10 by November 18 if fees hold above $2M daily— an 28% upside from here. Longer-term, CoinCodex forecasts $0.046 by year-end (conservative), but bullish scenarios hit $2-3.50 by 2030 on mass ETH adoption. Bitget eyes $0.113 by 2025 end, assuming zk-tech dominance.
For traders: Accumulate on dips to $0.065, but set stops below $0.06 to hedge volatility. Stakers? Lock in now for revenue shares. As one X analyst quipped, “ZK’s 101% weekly rip is Layer-2’s revenge—accumulate while fear reigns.”
In sum, ZKsync’s 52% 24-hour spike isn’t just a blip—it’s a testament to zk-proofs’ staying power in Ethereum’s scaling saga. Vitalik’s thumbs-up, fee fireworks, and revamped tokenomics have lit the fuse, but sustainability hinges on execution. In crypto’s wild ride, ZK reminds us: Fundamentals fuel the fire. HODL or FOMO? The charts say bet on the former. $ZK
