 jumps 31% after Binance backs its token swap to Epic Chain (EPIC). Find out key dates and how the transition will impact trading.){kind=link}
Ethernity Chain (ERN) has experienced a significant 31% surge in price following Binance’s announcement that it will support the project’s token swap and rebranding to Epic Chain (EPIC).
The move marks a major transition for the blockchain-based project, with Binance handling all technical aspects of the swap for its users.
According to the announcement by Binance exchange, trading for ERN/USDT will be removed on March 10, 2025, at 03:00 UTC, and all pending ERN spot trading orders will be canceled.
Following the rebranding, Binance will introduce the new EPIC/USDT trading pair on March 13, 2025, at 08:00 UTC. This support from the world’s largest crypto exchange has sparked strong market interest, leading to a substantial price increase for ERN.
Token Swap and Trading Transition Plan
The transition from ERN to EPIC will be carried out at a 1:1 ratio, ensuring that all holders receive an equal amount of the new token.
Deposits for ERN will be suspended on March 10 at 03:30 UTC, while deposits for EPIC will be enabled on March 13 at 07:00 UTC.
Binance has assured users that all technical requirements related to the token swap will be managed automatically, allowing for a seamless transition.
Once the migration is complete, ERN withdrawals will no longer be supported, and a separate announcement will be made regarding the availability of EPIC withdrawals. Investors are advised to prepare for these changes to avoid disruptions in trading activities.
Also Read: Binance Completes Frontier Token Swap To Self Chain, Price Drop By 14%
Impact on Margin Trading and Automated Trading Services
As part of the rebranding process, Binance will also remove ERN from both Cross and Isolated Margin trading.
Margin borrowings for ERN will be suspended as early as March 1, with all outstanding positions being closed and settled on March 6.
Additionally, trading bot services, including Spot Copy Trading, will no longer support ERN starting March 9.
Any remaining assets in these automated trading services will be force-sold at market price or transferred to users’ Spot Accounts.
Binance has strongly advised traders to update or cancel their trading strategies before these key dates to prevent unexpected losses.
The structured approach to this transition reflects Binance’s commitment to ensuring a smooth rebranding process.
$ERN Market Reaction and Future Outlook
Following Binance’s announcement, ERN’s price saw an impressive rally, currently trading at $1.67 with a 24-hour trading volume of over $25 million. This represents a 33.42% increase in the past 24 hours and a 15.95% rise over the past week.
With a circulating supply of 24 million ERN tokens, the market capitalization of Ethernity Chain now stands at approximately $39 million.
The price surge indicates strong investor confidence in the rebranding initiative and the potential for Epic Chain (EPIC) to establish itself as a more widely adopted and utility-driven asset.
As the token swap nears completion, the crypto community will be closely monitoring EPIC’s market performance once trading resumes under its new identity.
Also Read: Binance To Support Fantom’s Sonic Rebrand, FTM Delisting & New Sonic Trading Pairs Launch