Vaulta, the cryptocurrency formerly known as EOS, is making a strong comeback just days after its official rebranding. On May 16, during Asian trading hours, Vaulta (ticker: A) surged to an intraday high of $0.85—marking an impressive 48% increase from its April lows. This bullish movement breaks a six-day downtrend and brings its market cap to approximately $1.27 billion.

Driving this recovery is a mix of strong on-chain activity and favorable technical indicators. According to data from DeFiLlama, decentralized exchanges (DEXs) operating on the Vaulta (EOS) network processed over $102 million in trading volume over the past week alone, pushing the 30-day total to nearly $280 million. This surge suggests renewed interest and liquidity on the platform.

Adding fuel to the rally is the sustained positive funding rate on perpetual futures markets. For eight consecutive days, this rate has stayed in the green—indicating traders are increasingly betting long and are willing to pay premiums, a classic sign of bullish sentiment.

A major institutional vote of confidence also boosted momentum. World Liberty Financial (WLFI), a crypto fund associated with former U.S. President Donald Trump, acquired 3.64 million Vaulta tokens worth around $3 million at an average of $0.824 each. This marks WLFI’s first major investment into Vaulta, signaling growing trust in the project’s renewed direction.

From a technical standpoint, the Vaulta (EOS/USDT) chart reveals multiple bullish patterns, including a breakout from an ascending broadening wedge. The token is currently trading above its 50-day moving average, and with the RSI at 58, there's still room for upward movement before it enters overbought territory. If Vaulta breaks the $0.8770 resistance last tested in April, the next key targets could be $1.00 and possibly $1.50—its December 2024 high.

The rebrand to Vaulta on May 14 is seen as a pivotal move aimed at real-world utility. With a vision to become the “Stripe of blockchain,” Vaulta seeks to empower banks and fintech firms by offering programmable smart contracts and scalable on-chain settlement solutions. Major exchanges like Binance, KuCoin, MEXC, and HTX have already confirmed support for the 1:1 EOS-to-A token swap—cementing community confidence and laying a foundation for future growth.