EPT (Balance Token) Soars 72% Ahead of Its Listing on Bithumb

Jakarta, Pintu News – EPT, the native token of AI-powered Web3 platform Balance, experienced a sharp rise of up to 72% today ahead of its upcoming listing on South Korea’s Bithumb exchange. The increase in EPT’s price follows the announcement that the token will be added with the Korean won (KRW) trading pair on Bithumb at 18:00 KST, Friday, May 8, 2025.

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Main Causes of EPT Price Increase

This significant increase in EPT token price was triggered by an announcement from Bithumb, one of the largest crypto exchanges in South Korea. This announcement caused EPT’s daily trading volume to jump 44% from the previous day, reaching around $63 million.

At its peak on May 8, EPT reached its highest intraday price of $0.012, pushing its market capitalization to over $27 million. Listing on Bithumb is the latest step for EPT, following previous listings on several other major exchanges such as Binance Alpha, Gate.io, KuCoin, Bitget, and MEXC.

All of these exchanges began listing EPT on April 21, right after the token generation event (TGE) and mainnet launch of Balance. At launch, the total supply of EPT tokens was set at 10 billion.

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Technical Analysis and Market Outlook

From a technical perspective, EPT is showing positive signals. On the four-hour USDT chart, the EPT managed to break out of a descending parallel channel pattern that had been a hold-up since its launch. EPT’s exit from this pattern often signals a trend reversal and the beginning of a new bullish phase.

On the other hand, the price increase was also driven by a breakout from the 20-day moving average level. As of the last update, EPT is holding above this crucial technical indicator, which is usually used to determine the long-term trend of an asset.

In addition, EPT is now holding above its 20-day moving average, confirming the bullish sentiment. The MACD indicator has also crossed above the signal line, signaling that the previous bearish trend may have ended.

If this positive momentum continues, EPT could potentially approach the next psychological resistance at $0.014. If it manages to cross that level, EPT could return to its previous high of $0.017, which would mean a potential upside of 54% from its current price.

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Balance: Innovation in the World of Web3 and AI

Founded in February 2024, Balance is an AI-powered Web3 platform, designed to combine gaming, social engagement, and decentralized finance in one blockchain ecosystem.

The platform is built on a multichain infrastructure that allows users to explore AI-driven virtual worlds while earning rewards through its native token, EPT. The EPT token plays a central role in the Balance ecosystem, supporting governance, staking rewards, liquidity incentives, and in-game utility across the platform.

In September 2024, Balance successfully raised $30 million in funding from leading investors, including Andreessen Horowitz, Galaxy Interactive, Amber Group, and Animoca Brands, with the goal of accelerating Web3’s AI-integrated gaming and social experiences.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.