Key Takeaways
- • Federal Oil Fund (FOF) trades at highly disparate valuations across sources, ranging from $0.0002307 USD (Bitget) to $0.004073 USD (CoinGecko) as of April 21, 2026, signaling potential data inconsistencies or exchange-specific pricing variations that warrant caution for institutional traders.
- • 24-hour trading volume shows robust activity at approximately $1.1–$1.2 million, with CoinGecko reporting an 11.12% price increase over the prior 24 hours, indicating recent volatility and market interest in this cryptocurrency asset.
- • FOF exhibits modest market capitalization of $4.1 million with 1 billion circulating tokens, ranking #1780 on CoinGecko, positioning it as a micro-cap digital asset with limited liquidity relative to institutional investment thresholds.
- • Primary trading venue is Meteora DAMM V2 decentralized exchange, with FOF/USDC as the most active pair, reflecting typical decentralized finance infrastructure without traditional market protections or centralized custodian oversight.
- • Intraday volatility measured at -0.11939% over one hour and -0.10% below all-time high of $0.004140, suggesting moderate price stability relative to broader cryptocurrency market performance, which gained 1.70% over the same seven-day period.
Summary
Federal Oil Fund (FOF) represents a blockchain-based digital asset with significant pricing discrepancies across major cryptocurrency data and exchange platforms as of April 21, 2026. BeInCrypto reports a conversion rate of ₱0.0041 Philippine Pesos per FOF token, while CoinGecko lists the USD valuation at $0.004073, and Bitget quotes substantially lower pricing at $0.0002307 USD per token. These divergent valuations underscore the fragmented nature of cryptocurrency price discovery, particularly for lower-volume digital assets trading primarily on decentralized exchanges.
Trading activity in FOF reflects moderate engagement within the cryptocurrency market. Over the preceding 24 hours, the token experienced a high of ₱0.00413 and a low of ₱0.00359, with CoinGecko reporting an 11.12% daily price increase and $1.1–$1.2 million in aggregate trading volume. The most active trading pair, FOF/USDC on Meteora DAMM V2, recorded $1.1 million in volume, indicating concentration of liquidity within a single decentralized exchange venue. Intraday volatility remains contained, with the asset declining 0.11939% within a single hour and 0.10% below its all-time high.
From a market structure perspective, FOF operates with a $4.1 million market capitalization against a 1 billion token circulating supply, ranking approximately #1780 on CoinGecko. The fully diluted valuation mirrors current market cap, dependent on the token emission schedule. Performance metrics show FOF underperforming the broader cryptocurrency market, which gained 1.70% over a seven-day period, while the token remained flat over the same timeframe. The asset trades exclusively on decentralized finance infrastructure without listings on major centralized exchanges, limiting institutional access and custody options. For sophisticated investors evaluating exposure, the combination of micro-cap status, decentralized-only trading, and significant cross-platform pricing variance presents elevated execution and valuation risk.
Trading activity in FOF reflects moderate engagement within the cryptocurrency market. Over the preceding 24 hours, the token experienced a high of ₱0.00413 and a low of ₱0.00359, with CoinGecko reporting an 11.12% daily price increase and $1.1–$1.2 million in aggregate trading volume. The most active trading pair, FOF/USDC on Meteora DAMM V2, recorded $1.1 million in volume, indicating concentration of liquidity within a single decentralized exchange venue. Intraday volatility remains contained, with the asset declining 0.11939% within a single hour and 0.10% below its all-time high.
From a market structure perspective, FOF operates with a $4.1 million market capitalization against a 1 billion token circulating supply, ranking approximately #1780 on CoinGecko. The fully diluted valuation mirrors current market cap, dependent on the token emission schedule. Performance metrics show FOF underperforming the broader cryptocurrency market, which gained 1.70% over a seven-day period, while the token remained flat over the same timeframe. The asset trades exclusively on decentralized finance infrastructure without listings on major centralized exchanges, limiting institutional access and custody options. For sophisticated investors evaluating exposure, the combination of micro-cap status, decentralized-only trading, and significant cross-platform pricing variance presents elevated execution and valuation risk.
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