EOS experienced a significant downturn in its market value, with a 10.04% drop on the Index on Monday, reaching $0.7398 by 07:16 (12:16 GMT). This marked the most substantial single-day percentage loss since June 10, impacting EOS’s market capitalization, which now stands at $829.4429 million, constituting 0.05% of the total cryptocurrency market cap. In contrast, its market cap had reached a peak of $17.5290 billion.
Over the past week, EOS has witnessed a 4.78% decrease in value, trading in a range of $0.7341 to $0.8019 in the preceding 24 hours. The trading volume for EOS in the same period was $169.8189 million, representing 0.28% of the overall cryptocurrency volume.
Notably, EOS remains significantly below its all-time high of $22.98 recorded on April 29, 2018, with the current price reflecting a 96.78% decrease from that peak. Investors and analysts continue to monitor the cryptocurrency market for further developments.