ZKsync Surges 140% After Vitalik Endorsement and Atlas Upgrade
ZKsync’s native token ZK surged over 140% within two days, jumping from $0.03 to $0.073 after Ethereum co-founder Vitalik Buterin praised its “underrated work,” triggering a 1,500% weekend volume spike. The rally followed the Atlas upgrade, which adds a high-performance sequencer, cross-chain interoperability, support for over 15,000 TPS, and near-zero fees to ZKsync’s Layer 2 scaling solution. Major banks including Deutsche Bank and UBS are reportedly building on ZKsync’s Elastic Chain, and last month’s Prividium private Layer 2 release onboarded 30+ institutions such as Citi and Mastercard. With ZK’s market cap reaching $600M — a six-month high — traders should watch upcoming token unlocks for potential selling pressure and monitor adoption metrics and the network’s technical roadmap for sustained gains.
Bullish
The combined news of Vitalik Buterin’s endorsement and the launch of the Atlas upgrade has driven a swift and significant price rally, supported by soaring trading volume and institutional engagement. In the short term, positive sentiment and heavy buying from retail and institutional participants are likely to sustain upward momentum. Over the longer term, the rollout of high-performance Layer 2 infrastructure, growing adoption by major banks, and successful private deployments (Prividium) underpin strong fundamentals for ZKsync. However, upcoming token unlocks may introduce temporary selling pressure, warranting close monitoring. Overall, the catalysts point to continued bullish bias for ZK.