April 29, 2026 - May 1, 2026, the $200M option price surged from 67c to 81c, while the $300M option dropped from 68c to 58c. The reason was a market recalibration of the valuation floor, with capital flowing out of the $300M tier after a previous short-term spike, returning to the safer $200M tier.
April 28, 2026 - April 29, 2026, the $300M option price surged from 56c to 68c before retracing. This was likely due to a short-term strong upward revision in market expectations for the token's initial valuation, or large capital aggressively buying in a low-liquidity environment, temporarily pushing up the price.
April 16, 2026 - April 19, 2026, the $200M option price continued to climb from 60c to 72.5c, indicating that the market has further confirmed the valuation floor for the token, with sustained capital inflows into the lower-tier safety net.
April 15, 2026 - April 18, 2026, the $200M option price surged from 58c to 73.5c, and the $300M option surged from 38c to 52c. This was likely driven by a renewed upward revision of expectations for Variational's initial valuation, with significant capital flowing into these lower-to-mid tiers to establish a higher valuation floor.
April 14, 2026 - April 16, 2026, the $500M option price surged from 21c to 32c, likely due to the emergence of positive rumors regarding the project's valuation or fundamentals, prompting capital to flow back into this mid-tier valuation range.
March 24, 2026 - March 27, 2026, the $300M option price further declined from 38.5c to 31c, and the $500M option dropped from 22.5c to 16.5c. This continuous bleed was driven by shrinking market liquidity and a persistent lack of tangible token launch updates, leading to further capitulation from bulls.
March 21, 2026 - March 24, 2026, the $300M option price slowly retraced from 41.5c to 38.5c, and the $500M option dropped from 26.5c to 22.5c. The reason was a gradual withdrawal of short-term speculative capital due to the lack of substantive project updates, causing prices to bleed and give back the gains from the previous rebound.
March 20, 2026 - March 21, 2026, the $500M option rebounded from 23c to 26.5c, and the $300M option from 40c to 41.5c. The reason was technical buying after hitting key psychological support levels; bulls perceived the 'slow progress' risk as fully priced in and began accumulating at these lows.
March 14, 2026 - March 20, 2026, the $300M option price slowly bled from 46c to 40c. This indicated a classic liquidity drain; with no new bullish updates from the project, bullish patience wore thin, causing a slow drift lower.
March 11, 2026 - March 14, 2026, the $300M option price rebounded from 41.5c to 46c. This was a technical bounce following the panic selling of the previous days.