Binance has announced its support for the rebranding of the $FRONT token to $SLF, coinciding with a 33% surge in the token’s value.
The token swap and rebranding are part of Frontier’s transition to Self Chain, a modular, intent-centric Layer 1 blockchain with keyless wallet infrastructure.
Starting on August 27, Binance will delist all existing $FRONT spot trading pairs. The exchange will then introduce new $SLF trading pairs on August 30 at 8:00 AM UTC. The token swap will occur at a 1:1 ratio, meaning all $FRONT tokens will be converted to $SLF.
❗️@Binance will support @FrontierDotXYZ $FRONT token swap and rebranding to @SelfChainxyz $SLF
Starting Aug 27, Binance will delist all existing $FRONT spot trading pairs and open $SLF pairs on Aug 30, 8:00 AM UTC. FRONT token will be swapped to SLF at a 1:1 ratio. Self Chain is… pic.twitter.com/E40wqKVwEt
— 🇺🇦 CryptoDiffer – StandWithUkraine 🇺🇦 (@CryptoDiffer) August 19, 2024
Whale Holding Over 3 Million $FRONT Token Makes Strategic Moves
As the market reacted to these developments, a whale holding 3.15 million $FRONT tokens made a significant move. The tokens, originally purchased at an average price of $1.34, were potentially sold or transferred to an exchange for the upcoming swap at a recharge price of $0.79. If the entire amount was sold, the whale would incur a loss of approximately $1.72 million. However, it’s possible that the tokens were not sold outright but instead moved in preparation for the token swap.
FRONT 今日宣布更名为 $SLF ，即将下架交易对的操作也引发了一波近 33% 的币价上涨📈$FRONT 巨鲸趁机割肉并清仓了他三个月前高点建仓的 315 万枚代币，建仓价格 $1.34，充值价格 $0.79，若全部卖出将亏损 172 万美金😅（不过也不排除是转入交易所进行置换）
钱包地址 https://t.co/JHMP97nxPx pic.twitter.com/vmTWwF36Wr
— Ai 姨 (@ai_9684xtpa) August 19, 2024
Self Chain aims to offer an innovative approach to blockchain infrastructure with its focus on user-friendly, keyless wallet access. This rebranding and swap mark a significant step in Frontier’s evolution as it adopts the Self Chain identity, signaling new opportunities for the platform’s users and investors alike.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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