This is a niche market question specific to a crypto project (Theo Network). For crypto natives and airdrop hunters, it is a standard query; however, for the general public, it is a highly specific and obscure vertical, ranking it as moderately exotic.

April 3, 2026 - April 9, 2026, the 'June 30, 2026' option plunged from 51.5c to 26.5c. The reason is that the market increasingly expects a Q2 launch is highly unlikely, possibly due to extended points campaigns or delayed TGE timelines, leading to massive capitulation from those who previously bet on June. March 13, 2026 - March 16, 2026, the 'June 30, 2026' option surged from 63c to 79c. The reason is that after the panic selling in early March (due to the Q1 failure), capital began actively redeploying into the 'Points Season 2 ends May, Token in June' thesis, leading to a significant price correction. March 6, 2026 - March 11, 2026, the 'June 30, 2026' option plunged from 73c to 62c. The reason is growing market impatience as early March passed without specific news, leading to capital flight from Q2 bets, even though the fundamental thesis (Season 2 ending in May) still points to June. Feb 26, 2026 - Mar 4, 2026, the March 31 option slowly bled from 11.5c to 7.5c, while the June 30 option saw volatility (dropping from 77c to 67.5c before rebounding to 73c). The reason is that the market continued to unwind remaining Q1 bets and shift expectations to Q2. Feb 17, 2026 - Feb 23, 2026, the March 31 option drifted down from 18c to 12.5c, and the June 30 option corrected from 79c to 74c as February ended without an official TGE announcement.