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Obscure token spikes 900% due to name likeness with new COVID variant
A relatively obscure cryptocurrency called Omicron (OMIC) has surged to an all-time high as of Monday as a new fast-spreading COVID-19 variant got christened with the same name. The bond-based yield farming project began life in early November as a fork of the OlympusDAO DeFi protocol, but it shares no other connection to the virus aside from the name. Omicron’s OMIC token hit an all-time high of $689 during the Monday morning Asian trading session. The move has added another 200% gains on the day for the token and a whopping 945% since Saturday when it was trading around $65. The token shares its name with a new ... (full story)
