EOS Faces Downward Pressure Ahead of Vaulta Token Migration Despite DeFi Growth

EOS continued its decline toward the 50-day exponential moving average support level, dropping to approximately $0.75 on Monday. This downward movement erased Sunday’s minor gains and represents a 24% pullback from the May 10 peak NEAR $0.99.

Vaulta’s decentralized finance total value locked (TVL) reached $273 million over the weekend before settling at $246 million. The 16% reduction in derivatives open interest to $95 million coincided with increased long position liquidations, indicating weakening trader confidence.

The network’s rebranding to Vaulta in Q1 laid the foundation for its web3 banking transformation. Exchanges and investors are now preparing for the May 26 token migration from EOS to Vaulta (A), which reflects the project’s new focus on financial infrastructure.