OPEN -743.46% in 24 hours Amid Sharp Selloff and Market Volatility

On SEP 10 2025, OPEN dropped by 743.46% within 24 hours to reach $1.0333, marking an unprecedented decline in a single trading day. Over the past seven days, the asset has lost 2800.11% of its value, and this dramatic fall continues to be mirrored across one-month and one-year timeframes, both reporting identical 2800.11% drops. The extreme move has raised urgent questions about the sustainability of the project’s fundamentals and triggered widespread market speculation about liquidity issues or structural breakdowns in its ecosystem.

The precipitous decline has led to a cascade of sell orders, with no immediate signs of stabilization. The asset has not shown any signs of recovery in the short term, and the extended drawdown has begun to attract scrutiny from both retail and institutional observers. The depth of the drop has exceeded the typical range of market corrections, pointing to a possible collapse of investor confidence or an underlying technical failure in the platform. Analysts have not issued specific projections but have noted the rarity of such a sharp and sustained drop in the digital assets space.

Technical indicators have reflected the severity of the downturn, with the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) showing extreme bearish signals. The RSI has dropped to levels indicative of overextension, suggesting a potential for further bearish momentum. The MACD has shown a widening negative divergence, reinforcing the view that the selling pressure remains unrelenting. These indicators typically signal exhaustion in the selling cycle; however, in this case, the continued decline may point to a fundamental breakdown rather than a short-term volatility spike.

The collapse in price has been accompanied by a near-complete withdrawal of market participants. Open interest and liquidity levels have deteriorated sharply, further exacerbating the sell-off. The absence of significant buying activity has left the market without a counterbalance to the downward pressure. The market structure appears to have shifted from a liquid, order-driven system to one dominated by panic selling and a lack of price discovery. No meaningful resistance levels have been observed in the immediate term.