The under-the-radar Omicron (OMIC) token has hit an all-time high thanks to its name matching a new fast-spreading strain of COVID-19.
Omicron's OMIC token soared to $689, up 945%. At the time of writing, the token is trading at 591.98 on Sushiswap.
According to CoinGecko, OMIC trading volume was just over $414,000 in the last 24 hours, with a total supply of just 2,430 coins. The project is so small that it does not yet have a rating on the site and a market capitalization.
The sudden increase in price was ensured by a new strain of Covid, which was discovered last week. It was originally named B.1.1.529. On Friday, WHO declared it an increased danger and renamed it Omicron.
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