Frax (FRAX) Jumps 61% in 24 Hours as Binance Completes FXS-to-FRAX Token Swap and Supply Tightens

Frax’s governance token FRAX surged more than 60% on Jan. 15 after Binance completed its long-awaited FXS-to-FRAX migration, restoring full spot liquidity and triggering a sharp supply squeeze. The rally was reinforced by institutional capital flowing into Frax’s frxUSD stablecoin ecosystem and a decisive technical breakout above key resistance.