EOS Skyrockets 20% as Vaulta Rebranding Nears with 285% Trading Volume Surge
EOS experienced a significant rally ahead of its rebranding to Vaulta, soaring up to 22% to reach $0.84, with its market cap exceeding $1.2 billion. Trading volume surged by 285%, approaching $500 million within 24 hours.
The rebranding, scheduled for May 14, signifies a strategic shift towards blockchain-based banking solutions. The initiative aims to merge traditional finance with decentralized technologies, offering a 1:1 conversion of EOS tokens to the new Vaulta token.