The FXS mainnet swap upgrade is imminent, the story behind the over 60% increase in 3 hours

SerumDegen · 2026-01-08T11:02:13+00:00

FXS price has risen from $0.68 to $1.128 in the past 3 hours, with a market capitalization of $86 million, a 60.8% increase. This fluctuation was triggered by a major exchange announcing support for FXS mainnet migration and upgrading to Frax (FRAX), attracting market attention.

SerumDegen

2026-01-08 11:02:13

Abstract generation in progress

【CoinPush】FXS experienced a significant surge in the past 3 hours, rising straight from $0.68 to a high of $1.128, currently retracing to $0.98, with a market cap of $86 million. The 3-hour increase reached 60.8%.

This volatility is driven by an important announcement. According to a notice from a leading exchange, the exchange will support the FXS Share mainnet swap, and the brand will be upgraded to Frax (FRAX). The specific plan is: the leading exchange will stop trading and delist the existing FXS spot trading pairs at 11:00 (UTC+8) on January 13, 2026; then, on January 15, 2026, at 16:00 (UTC+8), FRAX/USDT spot trading will be opened.

Such mainnet swaps and brand upgrades often attract market attention and capital flow, which also explains why FXS prices have experienced such dramatic fluctuations in a short period.

FRAX-1,42%

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InscriptionGriller

· 3h ago

It's the same old mainnet swap trick again, with a 60% increase in three hours. Honestly, it's just a pre-game for a Ponzi scheme. Those leeks rushing to catch the trend are probably going to get cut again. After the trading pair switch is completed, the project team, experienced in the way of the old horse, will likely run away with the option.

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SmartContractWorker

· 7h ago

Only a 60% increase? I thought there was some big news again, but it turns out it's just a name change.

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NotSatoshi

· 19h ago

60%? Haha, that's the power of mainnet swapping—one sentence can trigger a surge.

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ForeverBuyingDips

· 01-08 11:27

Hmm... 60% in three hours, this is the madness before the swap. Are they going to run away again?

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LiquidationHunter

· 01-08 11:26

A 60% increase? I've seen this kind of mainnet upgrade pattern quite a few times. I always feel that after the initial profit-taking, there's no further movement.

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ChainChef

· 01-08 11:24

yo 60% pump in 3 hours? that's not just simmering anymore, that's the whole pot boiling over lol. mainnet swap + rebrand recipe hit different when exchanges actually commit to it fr

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BlindBoxVictim

· 01-08 11:13

A 60% increase directly pushes forward, but I just want to know if, after the mainnet swap is completed, it will be another round of cutting leeks.

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BuyHighSellLow

· 01-08 11:11

A 60% increase—that's the magic of mainnet swapping... By the way, can we hold until January 15th this time? It feels a bit uncertain.

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ArbitrageBot

· 01-08 11:07

It's the same old trick again—mainnet swap + brand upgrade to boost by 60%. It's a typical event-driven approach. Wake up, everyone.