EOS Plunges Over 10% in Largest Daily Drop Since February

EOS experienced a sharp decline on Thursday, falling by as much as 10.21% to trade near $0.0950, according to data from the Investing.com Index at 11:05 GMT. The move represented the cryptocurrency's largest single-day percentage loss since February 5.

Price Action Details

The sell-off pushed EOS to the bottom of its recent trading range. Over the preceding 24 hours, the token's price fluctuated between $0.0950 and $0.1038.

Key figures for EOS include:

• 24-Hour Trading Volume: $1.0525 million
• 7-Day Price Range: $0.0922 to $0.1094

Despite the sharp one-day drop, the token had seen relatively narrow price movement over the past week, with a net change of 1.49% over the seven-day period leading up to the decline.

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Broader Market Sell-Off

The downturn in EOS occurred alongside weakness in the wider cryptocurrency market. Major digital assets also posted significant losses during the same period.

Data showed that Bitcoin (BTC) was trading at $80,899.9, down 3.06% on the day. Meanwhile, Ethereum (ETH) fell 5.68% to trade at $2,363.12. The broader market pressure suggests a risk-off sentiment among crypto investors.

Historical Perspective

Thursday's price level places EOS significantly below its historical peak. The token remains down 99.59% from its all-time high of $22.98, which was set on April 29, 2018. The latest drop continues a long-term downtrend for the digital asset.