Potential Ethereum Hard Fork Token ETHPOW May Trade at 1.5% of Ether’s Price, Futures Suggest

The value for ETHPOW tokens suggested by futures basis is significantly lower than the price that IOUs representing the token are currently trading at on exchanges MEXC, CoinW, Phemex, Bitrue and Gate.io. At press time, the ETHPOW IOUs traded at $50, according to CoinMarketCap data. Prices reached as high as $140 early last month, indicating frenzy around the potential hard fork token.