Story
EOS Plunges Over 15% in Sharp Sell-Off, Bucking Broader Crypto Trend
The cryptocurrency EOS saw a significant price drop on Saturday, falling 15.06% in its largest single-day percentage loss since July 4, according to data from the Investing.com Index. The digital asset was trading at $0.0564 as of 02:11 AM ET (06:11 GMT).
Price Action and Key Metrics
The sharp downward move represented a significant downturn for the token. Over the preceding 24 hours, EOS traded within a range of $0.0564 to $0.0675.
Despite the severe daily loss, the token's weekly performance remained positive. Over the past seven days, EOS had registered a gain of 8.47% before the sell-off. The 24-hour trading volume for EOS was reported at $36,356.10.
AdMarket Context
The decline in EOS's value occurred while the broader cryptocurrency market leaders were in positive territory. On the same index, Bitcoin was up 1.26% to trade at $62,477.7, and Ethereum gained 2.47% to reach $1,758.37.
This latest drop places the token significantly below its peak valuation. At its current price, EOS remains down 99.75% from its all-time high of $22.98, which was set on April 29, 2018.