EPT Token Explodes 72% Ahead of Bithumb Listing: Is This the Start of a New Bull Run?

Holy moly, the EPT token from the AI-powered Web3 platform Balance just rocketed up to 72% today! And guess what? It's all because they're about to hit the big time on South Korea's Bithumb exchange later today.

Get this: according to CoinGecko, Balance (EPT) pulled off what traders call a "god candle" on May 8, soaring to a crazy intraday high of $0.012. That pushed its market cap over $27 million while daily trading volume shot up 44% from the day before, hitting around $63 million. Talk about a wild ride!

So, what's behind this insane move? It's all thanks to Bithumb, a major South Korea-based crypto exchange, which just announced they're adding a KRW trading pair for the EPT token at 6:00 PM KST on Friday, May 8, 2025. Buckle up, folks!

Bithumb is the latest exchange to jump on the EPT bandwagon, following hot on the heels of listings on Binance Alpha, Gate.io, KuCoin, Bitget, and MEXC, all of which listed the token back on April 21, right after Balance's token generation event (TGE) and mainnet launch. At launch, they set the total EPT token supply at a whopping 10 billion.

And get this: after the Bithumb announcement dropped, activity in EPT's derivatives market went through the roof. Data from CoinGlass shows that open interest in EPT futures spiked 52% over the past 24 hours, reaching nearly $20 million. Meanwhile, the funding rate stayed steady at 0.0050%, which means most traders are holding bullish positions and betting that this rally's got more juice left in it.

From a technical standpoint, things are looking pretty darn good. On the 4-hour USDT chart, EPT just broke above the upper boundary of a descending parallel channel pattern it had been stuck in since launch. This kind of breakout often signals a potential trend reversal and the start of a new bullish phase. Get ready for liftoff!

EPT's price is now holding strong above the 20-day moving average, which is reinforcing the bullish sentiment. And to top it all off, the MACD line has crossed above the signal line, another classic sign that the recent bearish trend might be toast.

If this positive momentum keeps up, EPT could push toward the next key psychological resistance at $0.014. A clean break above that level could open the doors for a move back to its all-time high of $0.017, representing a possible 54% gain from current prices. Cha-ching!

At the time of writing, EPT was trading around $0.011 per token. Keep your eyes peeled, folks!

What is Balance?

Founded in February 2024, Balance is a Web3 AI-powered platform that's merging gaming, social engagement, and decentralized finance into one epic blockchain ecosystem. It's built on a multichain infrastructure that lets users dive into AI-driven virtual worlds while earning rewards through its native token, EPT. How cool is that?

The EPT token is the heart and soul of the Balance ecosystem, powering governance, staking rewards, liquidity incentives, and in-game utility across the platform. It's the key to unlocking all the fun and profits!

In September 2024, Balance raked in $30 million in funding from big shots like Andreessen Horowitz, Galaxy Interactive, Amber Group, and Animoca Brands. They're using that cash to supercharge their AI-integrated Web3 gaming and social experiences. Watch out, world!

Disclosure: This article is not investment advice. It's just for educational purposes, so don't go betting the farm based on what you read here!