Nov 7, 2025
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ZKsync Token Surges 136% Weekly Amid Buyback Plan Announcement
ZKsync [ZK] has experienced a 136% increase in value over the past week, adding over $350 million to its market cap. It is now the fifth-largest privacy-focused cryptocurrency, following ZCash, Litecoin, Monero, and Dash.
- The token's price rose from $0.029 to above $0.08, currently consolidating near $0.07.
- Increased open interest suggests wallets are re-entering the market.
Investor Optimism & Token Buyback
- A new buyback initiative by ZKsync founder Alex aims to add economic value to ZK.
- Network-generated revenue will go into a governance-controlled treasury for community allocation decisions, including potential buybacks.
Market Trends
- Bollinger Bands show increased volatility, with prices near the upper band.
- If ZK falls below $0.055, it could decline to the $0.045 support zone.
- RSI indicates mild overbought conditions, allowing for potential further increases.
- Breaking above $0.075 may lead to a move towards $0.09.
- MACD shows strong bullish momentum, suggesting the rally may continue.
