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This morning was all about Octo (OCTO). Right out of the pre-market, it started grabbing our attention. The catalyst? News about a big injection of money into an Ethereum-related digital asset management play. These kinds of stories have been surfacing more and more over the past several months, and today OCTO was the headline act.

At the open, it looked like it might roll over—but instead, the stock ripped higher, topping out around $57 before pulling all the way back down to $33. That’s the kind of volatility that can create both incredible opportunities and serious risks. Halts came in as expected, and at one point, it was halted again while traders tried to digest the action.

What’s really fascinating is the setup before this move. Leading up to today, there was virtually nothing happening with OCTO—flat action, no signs of what was to come. And then, almost overnight, it turned into one of the most volatile names on the screen.

The lesson here? Keep an eye on low float stocks with fresh catalysts. When the volume pours in, anything can happen.