Story
EOS Plummets Over 15% in Worst Single-Day Loss Since July 4
The cryptocurrency EOS plunged more than 15% in early Saturday trading, marking its most severe single-day decline since July 4. The sharp sell-off occurred while larger digital assets posted gains, suggesting pressure specific to the EOS token.
Details of the Price Drop
According to data from the Investing.com Index, EOS was trading at $0.0564 by 02:11 AM ET (06:11 GMT), a decline of 15.06% for the day. The move established a new low in a 24-hour trading range that spanned from $0.0564 to $0.0675.
Key figures from the trading session include:
- Daily Loss: 15.06%
- Price: $0.0564
- 24-Hour Volume: $36,356.10
AdMarket Context and Performance
The downturn for EOS contrasted with the performance of the two largest cryptocurrencies. During the same period, Bitcoin (BTC) was up 1.26% to $62,477.7, while Ethereum (ETH) gained 2.47% to trade at $1,758.37. This divergence indicates that the sell-off was not driven by a broader market trend.
Despite the sharp daily drop, EOS has gained 8.47% over the past seven days, pointing to significant recent volatility. However, the asset remains far from its historical highs; its current price is 99.75% below its all-time high of $22.98, set on April 29, 2018, when its market capitalization exceeded $17.5 billion.