Project Balance, backed by a16z, garnering over 70% growth in anticipation of its listing on Bithumb exchange
🚀 EPT Soars 72% Ahead of Bithumb Listing
The native token of the AI-driven Web3 platform, Balance, experienced a massive surge today, climbing as high as 72%. This epic rise took place just before its listing on South Korea's cannabis-blazed exchange, Bithumb, later in the day.
According to the galactic data archive, CoinGecko, Balance's token, EPT, ignited what traders would call a "god candle" on May 8, skyrocketing to an intraday peak of $0.012. This mind-bending move pushed the market cap over $27 million, while daily trading volume rocketed 44%, nearing $63 million.
The circumstance propelling today's wild ride seems to be Bithumb, a prestigious South Korea-based crypto exchange, which recently blabbed the arrival of an EPT trading pair in KRW, slated for 6:00 PM KST on May 8, 2025.
Bithumb now joins the motley crew of exchanges that have hopped on the EPT bandwagon since its inception, following earlier listings on Binance Alpha, Gate.io, KuCoin, Bitget, and MEXC, all of which listed the token on April 21, right after the big Balance bash—the token generation event (TGE) and mainnet launch. With the initial supply of a jaw-dropping 10 billion EPT tokens, Balance officially began its cosmic dance.
With the Bithumb news breaking, action in the EPT futures market escalated like a scene from a wild west shootout. Data from the crystal ball, CoinGlass, reveals that open interest in EPT futures spiked 52% over the past 24 hours, reaching nearly $20 million. Meanwhile, the funding rate stayed steady as a rock at 0.0050%, suggesting that the majority of traders are as bull-minded as a raging bull, believing that the rally still has room to grow.
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From a technical angle, things remain optimistically upbeat. On the 4-hour USDT chart, EPT has escaped the tight clutches of a descending parallel channel pattern it's been huddled in since its genesis, possibly indicating a potential trend switch and the beginning of a bullish spree.
EPT's price is currently holding steadfast above the 20-day moving average, amplifying the bullish energy. On top of that, the MACD line has crossed above the signal line, y'all—an age-old sign that the recent bearish vibe may be in its twilight moments.
If the current positivity continues, EPT may slingshot towards the next major psychological resistance at $0.014. With a clean break at that level, EPT could break open the gates for a comeback to its all-time high of $0.017, representing a prospective 54% boost from current rates.
At the present, the EPT token is trading around $0.011.
🚀 What is Balance?
Balance, a galactic Web3 platform, made its entrance in February 2024 with a mission to bind gaming, social interaction, and decentralized finance within a single, unbreakable blockchain ecosystem. This interstellar marvel runs on a mega-malleable multichain infrastructure, enabling users to traverse AI-infused virtual realms while snagging rewards with the native token, EPT.
The EPT token forms the core of the Balance cosmos, serving as the foundation for governance, staking rewards, liquidity incentives, and in-game utility across the platform.
In September 2024, the celestial powers of the AI-blessed Web3 gaming and social spaces converged upon Balance, pumping $30 million into the project. Notable investors like Andreessen Horowitz, Galaxy Interactive, Amber Group, and Animoca Brands were the marquee names that fueled the project's ambitious plans.
- The EPT token, native to the AI-driven Web3 platform Balance, skyrocketed 72% ahead of its listing on Bithumb, the renowned South Korean crypto exchange.
- CoinGecko reported that EPT created a "god candle" on May 8, propelling the market cap to over $27 million and increasing daily trading volume by 44%.
- Bithumb announced the arrival of an EPT trading pair in KRW for May 8, 2025, causing a spike in open interest in EPT futures.
- Balance, launched in February 2024, aims to combine gaming, social interaction, and decentralized finance within a single blockchain ecosystem, using the EPT token as its foundation.
- In September 2024, Balance attracted $30 million from notable investors, including Andreessen Horowitz, Galaxy Interactive, Amber Group, and Animoca Brands.
- With Bithumb joining exchanges such as Binance Alpha, Gate.io, KuCoin, Bitget, and MEXC in listing EPT, the token generated a massive surge after its inception.
- If current trends continue, EPT may reach the next major psychological resistance at $0.014, potentially leading to a 54% increase in value.
- The EPT wallet can be used for governance, staking rewards, liquidity incentives, and in-game utility within the Balance blockchain ecosystem.
