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$FXS (Frax Share) IS ON FIRE! 🚨🔥
FXS AT A GLANCE
Live Price: ~$3.09 — soaring +15% in 24h, +22% over the week
All-Time High: ~$45.44 — still massive upside potential!
Market Cap: ~$278M (Circulating Supply: ~90M FXS)
Why FXS Is Trending
Governance Powerhouse: FXS is the governance & staking token of the Frax ecosystem—drive decisions, earn rewards with veFXS!
Deflationary Design: Minting FRAX burns FXS—higher demand, lower supply = price tailwinds.
Full Ecosystem Utility: Used across minting, staking, voting, and fee distribution in Frax’s DeFi infrastructure.
Trade Hack
LONG once FXS breaks $3.10 → Target next: $3.50+
SHORT if it dips below $2.80 → Bounce zone: $2.60
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$FXS #FXS #FraxShare #CryptoMadnes #GovernanceGem