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$FRAX Crossed $1.15! | Massive +45% Surge Post-Rebrand
The RotationRadar is officially overheating! Frax (
$FRAX ) has just blasted through the $1.15 mark, peaking at a 24h high of $1.185 on Binance Futures. 🚀
Following the successful 1:1 mainnet swap from FXS to FRAX on January 15, the market is re-pricing this asset as the central pillar of the Frax stablecoin operating system.
💎 Why is FRAX Leading the Pack?
Rebrand Momentum: The transition from FXS to Legacy Frax Dollar (FRAX) has consolidated liquidity. Binance's support for spot, margin, and 50x perpetual contracts has invited massive trading volume. 📊
The "Flywheel" Returns: As the sole value-accrual token for the Fraxtal EVM L1, FRAX is now used for gas and rewards across 20+ chains.
Institutional Demand: With new yield products on SushiSwap and partnerships with NEAR for the "agent economy," FRAX is quickly becoming a top choice for DeFi-native liquidity.
📊 RotationRadar Technical Insight
Top Gainer Status: Up over +45% in 24h, outperforming major alts like
$SOL and
$XRP .
Next Target: The current breakout has cleared minor resistance. If the momentum holds, the $1.25 - $1.30 range is the next major structural target.
Support Zone: Watch the $1.05 level; a successful retest of this area would confirm a strong bullish continuation.
The Move: We are seeing a major rotation out of "stale" DeFi tokens into high-utility, rebranded ecosystems. FRAX is the clear king of this narrative today. 🏛️
DYOR! Newly listed and rebranded tokens are highly volatile. Set your stops and watch the volume closely.
#FraxPump #BinanceSquare #DeFi #CryptoNews $XRP