BIO Token’s Wild Ride: 70% Surge Thanks to Staking Magic 🚀💰

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BIO, the native token of the DeSci platform Bio Protocol, has gone from zero to hero after the project decided to sprinkle some staking magic on the Ethereum mainnet. It’s like giving a dragon a cup of coffee, things just get a bit… energetic.

  • BIO has hit a five-month high of $0.103, which is like finding a unicorn in a dumpster, but better.
  • Staking for BIO and BioDAO tokens recently went live on the Ethereum mainnet, because who doesn’t love a good staking party?
  • The token is nearing a potential double-bottom breakout on the daily chart, which sounds like a fancy way of saying it might just fly off the handle.

Bio Protocol (BIO) shot up as much as 71.6% to a five-month high of $0.103 on Aug. 7 before it backtracked some of its gains and settled at $0.084 as of press time. Its market cap stood at $164 million, up from $124 million seen yesterday. That’s like watching your pet goldfish grow into a whale overnight, only with more numbers and fewer bubbles.

BIO’s surge occurred in a high-volume trading environment, with nearly $470 million worth of tokens changing hands, up more than 2,100% from the previous day. If you thought Black Friday sales were intense, try witnessing a crypto rally.

Why is BIO going up?

BIO crypto rallied after Bio Protocol confirmed it had expanded staking for its BIO token and BioDAO tokens to the Ethereum mainnet. Because nothing says “I believe in the future” quite like locking up your tokens for a while.

For the uninitiated, BIO functions as the native token of Bio Protocol, a decentralized science (DeSci) platform that funds and advances biotech research in areas such as longevity, women’s health, and synthetic biology through community-governed BioDAOs. Think of it as a science fair, but with blockchain and a lot more acronyms.

When users stake BIO and related ecosystem tokens, they earn BioXP points. These points grant eligibility for the platform’s Ignition Sales, which offer early access to token launches from emerging projects within the Bio Protocol network. It’s like getting VIP tickets to the next big thing, but in the world of crypto.

As of press time, over 100 million BIO tokens had been staked on Ethereum. That’s more tokens than there are grains of sand on a particularly sandy beach.

The number of $BIO staked saw a 4X increase since staking went live on ETH Mainnet yesterday.

Now over 100M BIO locked earning BioXP🔒

Track Bio Protocol staking in the Dune dashboard below; more stats being added soon ↓

– Bio Protocol (@BioProtocol) August 8, 2025

The latest expansion follows a strong debut for staking on Base, where more than 25 million BIO were locked up within days of launch. By locking tokens for staking rewards, holders effectively reduce the circulating supply available on exchanges. If demand for BIO continues to rise, driven by incentives like BioXP and Ignition Sale access, this supply contraction can heighten scarcity and amplify upward price moves, especially during periods when strong market sentiment prevails. It’s like playing a game of musical chairs, but with tokens and a lot of people hoping the music never stops.

Network activity and market sentiment is improving

On-chain activity on Bio protocol has also seen a notable uptick over the past day. Data from Santiment shows daily active addresses on the network have jumped more than 370% in the past 24 hours, reaching 859 at press time compared with 180 the day before. A surge in daily active addresses typically means more users were engaging with the protocol, which is generally a bullish sign and can indicate growing adoption or speculative interest. It’s like a sudden influx of fans at a previously unknown band’s concert; things are about to get loud.

BIO Protocol’s weighted social sentiment also climbed deeper into positive territory over the past day, indicating that retail perception of the token has also improved. It’s like when everyone starts talking about how great your new haircut looks, even if you just used a pair of kitchen scissors.

BIO price analysis

BIO is in the late stages of forming a classic double-bottom reversal pattern on the daily chart. The first low formed near $0.041 in April, followed by a rebound that stalled around $0.103, establishing the neckline of the formation. The second low occurred in late June near $0.042, after which BIO rallied sharply and briefly broke above the neckline on Aug. 7 before slipping back below it. This sequence has produced the characteristic “W” shape of a double bottom. A sustained daily close above $0.103, supported by strong volume, would confirm the pattern and indicate a bullish trend reversal. It’s like a roller coaster that’s just hit the bottom and is about to climb back up.

The second low occurred in late June near $0.042, after which BIO rallied sharply and briefly broke above the neckline on Aug. 7 before slipping back below it. This sequence has produced the characteristic “W” shape of a double bottom. A sustained daily close above $0.103, supported by strong volume, would confirm the pattern and indicate a bullish trend reversal. It’s like a roller coaster that’s just hit the bottom and is about to climb back up.

Momentum signals have turned supportive. The 20-day simple moving average has crossed above the 50-day, a bullish crossover that suggests short-term momentum now exceeds the medium-term trend. The Supertrend indicator has also turned green as price moved above it, reinforcing the bullish bias. It’s like having a green light and a tailwind at the same time.

Meanwhile, the Relative Strength Index has dropped back to 64 after briefly entering overbought territory, indicating that the recent pullback may be a natural correction after a strong rally rather than the start of a downtrend. It’s like taking a breather after sprinting uphill; you’re still making progress, just not as fast.

Based on the above setup, the immediate resistance currently lies at the neckline near $0.103. A decisive breakout above this level could trigger a move toward $0.164, the measured target derived from the height of the double-bottom formation. It’s like setting your sights on the top of the mountain after reaching the first peak.

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2025-08-08 13:55