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Omicron token soars 11x over weekend, loses 75% value overnight
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economictimes.indiatimes.comOmicron, is not over but the euphoria over the token named after it came and went in a jiffy. Omicron Coin (OMIC), a lesser known cryptocurrency, was on a roller-coaster ride for three days. The digital token has shot as much as 1,100 per cent before giving up three-fourth of its value. The token zoomed as much as 1,100 per cent to $711.09 on November 27 from $64.84 on November 29, before trading at $210.28 on the last day of the month at 6.45 am IST. Just 24 hours ago, it was trading at $466.22. In that period, OMIC worth about $781,000 have exchanged hands, data from Crypto.com suggested. In just one day, the token has eroded more than half its value, the data said.
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