Well, folks, ZKsync’s price is cooling off faster than a Mississippi summer breeze after shooting up like a fireworks display. It’s still hanging onto that $0.045 support like a cowboy gripping the reins of a bucking bronco. But, can it survive the stampede of tokens set to unlock next week? 🤠💥
- ZKsync just had itself a rally hotter than a jalapeño on a July afternoon, but now there’s talk of a token unlock that could rain on its parade.
- Investors are buzzing about ZK’s plan to shift from governance to utility, with buybacks, burns, and staking rewards thrown into the mix. Could this keep the bulls from running for the hills? 🐂💰
ZKsync Price: A Technical Tale
ZKsync’s price shot up like a rocket, jumping from $0.028 to $0.085 faster than a cat on a hot tin roof. Now it’s hovering around $0.060, sweating bullets over whether it can hold onto the $0.050-$0.055 support. 📈🔥
Even though the rally’s short-term trendline broke like a cheap promise, ZK’s price is still holding above the 0.618 Fib, which means this pullback ain’t no cause for panic-yet. Plus, it’s flirting with the 9 EMA and eyeing the 21 EMA like a hopeful suitor at a barn dance. A bullish crossover could be on the horizon, pardner. 🤠💃
As long as ZK holds above $0.045-the last swing low-the bulls are still in charge, and this consolidation is just a pit stop on the road to glory. 🛑🚀
The Token Unlock Showdown
The ZKsync token unlock is coming faster than a freight train, with 173.08M ZK (3.37% of the circulating supply) set to hit the market on Nov. 17. That’s $10.31M worth of tokens, in case you’re counting. 🚂💸
This could cause some selling pressure, and if ZK dips below $0.045, it might slide all the way down to $0.40, the 0.786 Fib level. But don’t count ZK out just yet-there’s a lot of chatter about a tokenomics overhaul that could turn ZK into a utility token. 💡🛠️
Here’s the skinny: ZKsync plans to rake in cash from Layer-2 rollups and off-chain licensing revenue, then use it to buy back ZK tokens. Those tokens will be:
- burned to shrink supply 🔥
- given as staking rewards 📜
- handed out as grants to developers 🛠️
The next phase for $ZK token is real economic utility.
As interop and Prividiums enter production, the network for incorruptible finance should capture the value it creates, channeling it towards ecosystem growth.
– ZKsync (@zksync) November 4, 2025
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2025-11-10 13:54