If you watched CZ’s AMA yesterday, you heard him say that altcoin cycles always come. Today’s charts give a clear example. While most large caps are moving slowly, Frax ($FRAX) is leading the market, topping the gainers list with a move of around 61%.
This move isn’t random. It’s tied to a major change in the project.
Why is FRAX moving so fast?
The migration is done:
Binance has officially completed the swap from FXS to the new $FRAX ticker. That removed a lot of uncertainty that traders were waiting on.
Supply met demand:
Many traders stayed on the sidelines until the migration finished. When trading opened, demand came in quickly while supply was limited. Price moved fast from around $0.82 toward the $1.30 area.
The CZ factor:
CZ said projects with history and real development matter more than hype. Frax has been part of DeFi for years. Moving to one unified token is a long-term decision, not a short-term marketing trick.
A simple way to see it
Imagine a store that’s been around for years but had two entrances and confusing signs. Today, it reopens with one clear name and one main door. Everyone who was waiting outside walks in at the same time. That’s why the order book feels crowded and price jumps quickly.
Trader’s honest view
A 60% move in one day looks great, but chasing green candles is how accounts get burned. The first spike is done. Now the market needs to find a stable level.
I’m watching how price behaves above $1.10. If it holds there, it shows the new structure has strength. If not, patience is better than FOMO. As CZ said, survival comes first.
Follow me. Charts talk louder than influencers.
