FXS surges 60%, mainnet swap upgrade imminent

2026-01-08 11:00:18

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【Blockchain Rhythm】Market data shows that FXS has experienced a significant upward trend in the past 3 hours. The token price has been steadily rising from $0.68, reaching a high of $1.128. At the time of writing, the quote is around $0.98, with a short-term increase of 60.8% in just 3 hours. The current circulating market cap is approximately $86 million.

Behind this market movement is an important announcement from the project. A leading exchange has announced support for FXS mainnet swaps and will simultaneously undergo a brand upgrade—FXS will officially be upgraded to Frax (FRAX).

According to the announcement, the exchange will cease all existing FXS spot trading services at 11:00 AM (UTC+8) on January 13, 2026. After the removal, the platform will open FRAX/USDT spot trading pairs at 4:00 PM (UTC+8) on January 15, 2026. These measures indicate that the project is undergoing significant technical iteration and market restructuring, which is a key time window for investors to pay attention to.

FRAX-1,56%

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PancakeFlippa

· 9h ago

Yeah, this wave was quite aggressive, pushing up by 60 points directly. The combination of replacement and upgrade punches was quite effective.

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AirdropHermit

· 19h ago

60%？This move is a bit aggressive, but it still depends on whether we can hold on. Mainnet upgrade and rebranding—this combo is really an old trick.

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GasFeeCryer

· 01-08 11:27

Damn, a 60% surge after the upgrade? Why didn't I get in? I'm losing out big time.

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BoredRiceBall

· 01-08 11:25

They've changed their name again, is this really the moment to take off or just another big scam?

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YieldWhisperer

· 01-08 11:21

lol 60% pump on a rebranding announcement? actually the math doesn't check out here... 8.6M market cap after that move is still pretty tiny. let me examine the contract real quick because this smells like classic death spiral pattern i've seen a dozen times before. unsustainable tokenomics incoming tbh

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wrekt_but_learning

· 01-08 11:11

A 60% increase, this is the kind of performance the crypto world should have. Wait, mainnet swap upgrade? Is this the start of a takeoff? But I need to check out the swap process first, so it doesn't turn into another money-grabbing scheme.

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