EIGEN -118.02% in 24 hours Amid Sharp Volatility and Uncertain Market Conditions

On SEP 8 2025, EIGEN dropped by 118.02% within 24 hours to reach $0.00001299, while registering significant gains of 1194.3% over the past 7 days and 1376.81% over the last 30 days. Despite these short-term gains, the token fell 6643.51% over the past 12 months, highlighting its extreme volatility and mixed investor sentiment.

The sudden 24-hour decline underscores the high degree of risk associated with EIGEN, particularly in the absence of strong fundamental developments. The token's sharp drop occurred amid broader market uncertainty, though no direct news events were tied to the project in the immediate term. Analysts project that without significant updates or adoption milestones, the token’s performance may remain highly speculative.

In the previous month, EIGEN’s price surged over 1300%, capturing attention from traders and investors alike. The upward movement was driven by increased activity on decentralized exchanges and a surge in on-chain transactions. However, this rise appears to be fueled more by speculative behavior than by concrete improvements in project infrastructure or use cases.

The recent volatility suggests that market participants are reacting to broader macroeconomic signals and sentiment shifts rather than project-specific news. The absence of concrete developments or strategic announcements has left the token exposed to market-driven swings. While short-term traders may continue to capitalize on EIGEN’s extreme price movements, long-term value creation remains unproven.