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Obscure token spikes 900% due to name likeness with new COVID variant

Published 11/28/2021, 10:45 PM
Updated 11/30/2021, 12:40 AM

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.

OMIC/USD 7days. Source: CoinGecko

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