Balance Token Soars 70% on Bithumb Listing Hype—a16z’s Latest Bet Pays Off (For Now)

Andreessen Horowitz-backed Balance token rockets past 70% gains as South Korea’s Bithumb exchange announces listing—just another day in crypto’s casino economy.

Pump first, ask questions later? The project’s sudden surge comes with zero fundamental updates—just the old-fashioned exchange listing playbook. Classic.

Meanwhile, institutional investors quietly check their lock-up periods while retail traders FOMO in. The circle of crypto life continues.

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.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.