Frax Ether Prediction

About Frax Ether (frxETH)

Frax Ether (frxETH) is a liquid staking derivative token within the Frax Finance ecosystem, allowing users to stake ETH while maintaining liquidity. With a market cap of $152.6M and only 76,865 tokens in circulation, it represents a niche but established player in the liquid staking space. The token exhibits extreme holder concentration with 97% controlled by just 10 wallets, creating significant centralization concerns despite its verified contract and moderate security score.

Current price: $2,001.97

Market cap: $152.65M

Liquidity: $2.50M

Holders: 2.2K

Frax Ether Price Prediction

frxETH is trading at $2,001.97, closely tracking ETH price as expected for a liquid staking derivative. The 24h price increase of 1.08% reflects broader ETH market movements rather than token-specific dynamics. With 58% buy pressure and zero trading activity in the last hour, short-term momentum appears stable but muted.

As an ETH liquid staking derivative, frxETH's price trajectory is fundamentally tied to Ethereum's performance. The declining holder base (-1.2% over 30 days) suggests reduced retail interest, though the token's utility within the Frax ecosystem provides baseline demand.