The price of the decentralized finance token (DeFi) Omicron (OMIC) has seen a dramatic increase of more than 900% following the emergence of a new strain of COVID-19 the World Health Organization (WHO) has dubbed omicron.
The Omicron DAO token is issued the Arbitrum One Layer 2 protocol and can be traded on SushiSwap. As reported on Twitter, the asset was launched last November 2.
CoinGecko has been tracking the price of the token since November 8, during which time its minimum value was $48.36. There are just over 800 participants in the project's chat on Discord, while the number of followers on Twitter barely exceeds 900 people.
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Last November 27, Omicron (OMIC) was trading at levels of around $65 and two days later the price hit an all-time high of $689.12.
At press time, OMIC's price has corrected to $639.79, according to CoinGecko. Trading volume over the last 24 hours is $649,640.
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