EPT, the native token of the AI-powered Web3 platform Balance, surged as much as 72% today ahead of its upcoming listing on South Korea’s Bithumb exchange later in the day. According to CoinGecko data, Balance (EPT) printed what traders call a “god candle” on May 8, rallying to an intraday high of $0.012. This pushed its market cap over $27 million while daily trading volume spiked 44% from the previous day, hitting around $63 million. The key catalyst behind today’s move was Bithumb, a major South Korea-based crypto exchange, which announced the addition of a KRW trading pair for the EPT token set at 6:00 PM KST on Friday, May 8, 2025. Bithumb becomes the latest exchange to pick up EPT, following earlier 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, the total EPT token supply was set at 10 billion. Activity in EPT’s derivatives market spiked after the Bithumb announcement broke. 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%, suggesting most traders are holding bullish positions and betting that the rally still has room to run. You might also like: Is Binance listing Pi Network soon? Wallet activity sparks rumors ahead of planned May 14 ecosystem update From a technical perspective, things are still looking positive. On the 4-hour USDT chart, EPT has broken above the upper boundary of a descending parallel channel pattern that it had been stuck in since its launch. This kind of breakout often signals a potential trend reversal and the start of a new bullish phase. EPT price, 20-day SMA and MACD chart — May 8 | Source: TradingView EPT’s price is now holding above the 20-day moving average, reinforcing the bullish sentiment. On top of that, the MACD line has crossed above the signal line, another classic sign that the recent bearish trend might be over. If the current 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. At the time of writing, EPT was trading around $0.011 per token. What is Balance? Founded in February 2024, Balance is a Web3 AI-powered platform designed to merge gaming, social engagement, and decentralized finance within a unified blockchain ecosystem. It’s 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, powering governance, staking rewards, liquidity incentives, and in-game utility across the platform. In September 2024, Balance raised $30 million in funding from prominent investors, including Andreessen Horowitz, Galaxy Interactive, Amber Group, and Animoca Brands, aiming to accelerate its AI-integrated Web3 gaming and social experiences. Read more: Altcoin season nears as Bitcoin dominance gets ‘overbought’ Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
