Prior to Thursday morning’s Ethereum merging event, ETHPoW (ETHW), a hard fork of Ethereum maintained by a group of proof-of-work (PoW) miners, had a significant surge.
According to data from CoinMarketCap, the token surged from $35.4 to $60.68 shortly after the merger, representing a gain of more than 70% in just five hours.
But ever since, the forked token has lost all of its gains, falling to below $32 per token. For those interested in following the price movement of the token, today’s volatility is not shocking.
The token reached an all-time high of $141 on August 8 before plummeting once more to an all-time low of $26 on September 13. The token reached just over $36 when ETHPoW announced the launch of its mainnet on the same day.
The project team expects to roll out the mainnet within the next 24 hours, although the token has not yet made its official debut.
The coin does not have a market capitalization or a known circulation supply. Only a small number of exchanges, such as Gate.io, Poloniex, MEXC, Bitrue, and others, list it.
