Why Frax Share Is Skyrocketing Today

Frax Share (CRYPTO: FSX) is seeing explosive gains in Saturday's trading. The cryptocurrency was up roughly 61.2% over the previous 24-hour period as of 1:20 p.m. ET today.

Terraform Labs founder Do Kwan published messages on Twitter today announcing the launch of 4pool -- an initiative designed to expand the liquidity of stablecoins by consolidating usage through a series of tokens including Frax Finance's FRAX (CRYPTO: FRAX). Meanwhile, Terra's (CRYPTO: LUNA) Luna token was up roughly 7.2% over the last day of trading.  

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Source Fool.com