According to Eric Balchunas, both QBTX and IONX are exhibiting unprecedented historical volatility, with rates in the 320-340% range. This places them well above the 250% threshold typically considered extremely high by market standards. For traders, such volatility signals major opportunities for short-term gains or losses, far exceeding the relative calm of MSTU and traditional funds like SPY. This volatility surge is driving increased trading activity and risk premiums in related crypto markets, as asset managers and high-frequency traders recalibrate strategies to profit from these outsized price swings (source: Eric Balchunas on Twitter, May 28, 2025).