Binance Exchange announced its support for the Frontier (FRONT) token swap and rebranding to Self Chain (SLF). This event attracted significant attention to the token's value and market reactions.
Support for Token Swap and Rebranding
Today, Binance announced an important decision to support the Frontier (FRONT) token swap to Self Chain (SLF). According to the official statement, all existing FRONT trading pairs will be delisted at 03:00 UTC on August 27, 2024. Trading for the new SLF pairs will begin at 08:00 UTC on August 30, 2024.
Frontier (FRONT) Token Value
Following the announcement, the price of Frontier (FRONT) increased significantly. Within minutes, the value of FRONT rose from $0.64 to $0.76, indicating a 20% increase.
Market Reaction
Along with the price increase, trading volume and market volume also surged. FRONT’s market volume exceeded $68 million, and trading volume increased by 187%, reaching $31.9 million. The RSI indicator showed nearly 100, indicating an overbought condition.
Binance's decision to support the token swap and rebranding of Frontier had a significant impact on the market, increasing both the token's value and trading volumes.
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