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Start of the End? Testnet Goerli Ether Spikes to $1.60 as Traders Jump on Opportunity Meant for Developers

LayerZero offered developers a way to get their hands on intrinsically worthless gETH tokens for testing purposes – but traders jumped on that opportunity, leading to an uncannily high-valued market.

Traders are speculating on goerli ether. (DALL-E/CoinDesk)
Traders are speculating on goerli ether. (DALL-E/CoinDesk)