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Published: Dec 01, 2021 5 min read

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Close-up of multiple cryptocurrency coins including Bitcoin, Tron, Dash and Ethereum
Money; Shutterstock

The new Omicron variant of COVID-19 is all over the news, but in the crypto community a different Omicron is top of mind: the Omicron token.

The token, which trades as OMIC, just launched at the beginning of November but saw its price soar nearly 1,000% over the weekend, according to CoinMarketCap. The surge came after the World Health Organization named the COVID-19 variant detected in southern Africa in November "Omicron."

So does Omicron (the crypto) actually have anything to do with Omicron (the COVID-19 variant)? Not at all.