Story
EOS Plunges Over 15% in Sharp Weekend Sell-Off
Summary
The cryptocurrency EOS experienced its largest single-day percentage loss since July 4, dropping over 15% while major tokens like Bitcoin and Ethereum posted gains.
The cryptocurrency EOS fell sharply in early trading on Saturday, plunging 15.06% to a price of $0.0564, according to data from the Investing.com Index at 02:11 AM ET (06:11 GMT). The move marked the token's largest single-day percentage loss since July 4.
Details of the Price Drop
The sell-off pushed EOS to the bottom of its 24-hour trading range, which spanned from $0.0564 to $0.0675. The total volume of EOS traded in the preceding 24 hours was approximately $36,356, as reported by Investing.com.
Despite the severe daily decline, the token's performance over a seven-day period remained positive. Over the past week, EOS had registered a gain of 8.47%, highlighting significant recent volatility for the asset.
Historical Context
AdSaturday's price places EOS significantly below its historical peaks. The token is now down 99.75% from its all-time high of $22.98, which was set on April 29, 2018. At its highest point, the market capitalization for EOS stood at over $17.5 billion.
Broader Crypto Market
The sharp downturn in EOS contrasted with the performance of the wider cryptocurrency market, which saw modest gains. The market's leading assets were trading in positive territory during the same period.
- Bitcoin (BTC) was up 1.26% on the day, trading at $62,477.7.
- Ethereum (ETH) gained 2.47%, with its price at $1,758.37.