The value for ETHPOW tokens suggested by futures basis is significantly lower than the price at which IOUs representing the token are currently trading 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.
