Omicron crypto craze sees obscure coin drop over 75% in value

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11/29/2021- 11:32 p.m.

Omicron crypto craze sees obscure coin drop over 75% in value

An obscure crypto token called Omicron (OMIC) shot up by more than 900% after the identification of the new mega-mutant strain of COVID-19 given the same name.

The token was released on November 2 on SushiSwap, and was still trading at around $65 on Saturday 27 Nov, before shooting up to an all-time high of $689.12 after the WHO’s announcement of the Omicron Covid variant.

Today the token nosedived to $162 within 20 minutes according to CoinGecko, before rebounding to just over $374.

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