Bio protocol, the newly launched desci project, experienced a dramatic price change following its opening on january 3rd. the token initially surged by over 1000%, being listed at $1.477 on binance, before settling around $0.679 by january 5th.


several factors contributed to this significant volatility:


1. **initial listing and hype**: upon its listing on multiple platforms including binance and okx, investors were quick to seize the opportunity presented by bio's debut in the rapidly growing decentralized science sector.
2. **unexpected market response**: following an initial surge in interest and trading volume driven by fomo (fear of missing out), many traders took profit when prices didn't hold as expected or quickly adjusted their pricing formulas based on market conditions.