Why is FIO Protocol’s FIO Token Surging?

FIO Protocol’s native token, $FIO, has seen a significant price surge over the last day, jumping 58.72% to $0.045946 according to data from CoinMarketCap. The trading volume over the past 24 hours reached $118.7 million as investors piled into the token. The price spike comes three years after FIO hit its all-time high of $0.569