EOS surged by as much as 22% on May 8, rallying for a second consecutive day as investor enthusiasm builds ahead of the network’s official rebranding to Vaulta, set to launch on May 14. The bullish momentum pushed EOS to an intraday high of $0.84, with market capitalization surpassing $1.2 billion and daily trading volume exploding by 285%, reaching nearly $500 million.
The rally appears to be fueled by a confluence of strong fundamentals, promising staking incentives, and growing interest in derivatives markets.
Vaulta Rebrand Sparks Fresh Interest
The most immediate catalyst is the upcoming rebrand of the EOS blockchain to Vaulta, marking a strategic shift toward blockchain-powered banking solutions. Vaulta aims to serve as a bridge between traditional finance and decentralized protocols by offering tools for digital asset banking.
As part of the transition, EOS tokens will be swapped 1:1 for the new Vaulta token, trading under the ticker “A”. The Vaulta team emphasized this is not a fork or a reset, but rather a reimagined EOS with full compatibility with existing infrastructure and state history.
Users will be able to complete the swap via the Vaulta Swap Portal or on supported crypto exchanges. Vaulta will also integrate with exSat, a Bitcoin banking gateway, expanding the ecosystem’s cross-chain functionality.
High-Yield Staking Incentives
Another major factor behind EOS’s recent price momentum is the introduction of attractive staking rewards for the new Vaulta token. According to project updates, Vaulta staking will offer around 17% yield, funded by a 250 million token reward pool.
This figure dramatically outpaces staking yields offered by other major blockchains:
- Ethereum (ETH): ~2.7%
- Solana (SOL): ~5.4%
With crypto investors increasingly looking for passive income opportunities, this elevated reward structure has drawn additional attention to EOS ahead of the rebrand.
Derivatives Market Shows Bullish Bias
The optimism isn’t limited to the spot market. Traders are aggressively positioning themselves in the EOS derivatives market, with open interest in EOS futures rising 45% in the last 24 hours, topping $188 million, according to CoinGlass.
Meanwhile, the long/short ratio on Binance remains over 1, suggesting more traders are betting on further upside in the short term. This bullish positioning reinforces market confidence in EOS’s near-term trajectory.
Technical Indicators Point to More Upside
From a technical analysis perspective, EOS is showing classic signs of a breakout:
- The price recently broke out from an ascending broadening wedge pattern on the 4-hour chart—typically a bullish formation.
- The Chaikin Money Flow (CMF) climbed to 0.16, indicating increased buy-side pressure.
- The Aroon Up indicator stands at 85.7%, while the Aroon Down is down at 35.71%, further confirming bullish market structure.
Traders now view the $1 level as a key psychological resistance. A successful breach could open the door for a move toward $1.45, as predicted by crypto analyst CW. Another trader projected a potential surge to $2.10, citing a symmetrical triangle breakout on the daily chart as confirmation of a broader trend shift.
Outlook
At the time of writing, EOS is trading around $0.833, still hovering near its daily high. With less than a week to go until the Vaulta rebranding, sentiment remains elevated. If bullish momentum continues and technical levels are cleared, EOS could be on track to retest multi-month highs and potentially reclaim relevance as a top-tier Layer 1 network under its new identity.
