Odaily News Matrixport posted on the X platform that ETH has just set a record for the largest single-day volatility in history, which may be due to the news on May 20 that the SEC may approve the ETH ETF. ETH's previous largest volatility was concentrated in May 2021, when DeFi trading volume was close to its peak and ETH staking was hot. The two major fluctuations so far in 2024 were mainly policy-driven (related to SEC and FOMC meetings).