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Crypto analysts are looking at the FOX token's price gain and asking whether it's the latest promotion or the start of a new trend.

ShapeShift has begun decentralizing,” the Colorado-based exchange’s CEO, Erik Voorhees, said in an announcement on Wednesday detailing the company’s decision to dissolve the corporate model and evolve into a decentralized autonomous organization (DAO).

The disclosure lit a fire under ShapeShift’s governance FOX token, sending its price higher by over 300% to $1.16 in a matter of hours. And while the cryptocurrency has retraced to $0.55 in the past 24 hours, it’s still up almost 200% this week – a stellar performance considering the broader market lull.

Analysts stand divided on whether the rally represents an ever-intensifying search for yield or investors cheering ShapeShift’s early-mover advantage as a DAO.

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