FIDA -507.25% 24H Drop Amid Sharp Devaluation

On AUG 29 2025, FIDA dropped by 507.25% within 24 hours to reach $0.0936, FIDA dropped by 633.3% within 7 days, dropped by 811.62% within 1 month, and dropped by 6234.09% within 1 year.

FIDA’s collapse marks one of the most severe single-day declines in crypto history, with its price plummeting to levels that reflect an almost total loss of market confidence. The 507.25% drop over 24 hours is particularly noteworthy, as it far exceeds typical market corrections and suggests a systemic breakdown or a liquidity crisis within the ecosystem. The 633.3% devaluation over a week further underlines the severity of the downturn, indicating a sharp and sustained loss of value that has likely impacted investors and traders across the board.

The price movement over a one-month horizon of 811.62% and an annual decline of 6234.09% contextualizes the one-day drop as part of a broader, long-term devaluation trend. These figures suggest that the drop on AUG 29 2025 is not an isolated event but rather the latest manifestation of a deepening bearish cycle. Given the absence of any counteracting upward momentum, the continued downward trend is likely to remain intact unless a major structural intervention or catalyst emerges.

The price dynamics observed in FIDA over the last 24 hours point to extreme volatility and potential liquidity issues, with the sharp drop likely triggered by a combination of market sentiment, regulatory concerns, and underlying technical weaknesses. The absence of any major positive news or strategic updates in the recent news compilation further suggests that the devaluation is not a result of market buying or speculative activity.

Backtest Hypothesis

To evaluate the impact of significant price drops in FIDA, a structured backtesting strategy can be implemented based on the historical performance data. The strategy is defined by the following precise rules:

• Event Definition: A daily price change of –10% or lower (close-to-close) triggers a long entry signal.
• Entry Rule: Long position is initiated at the next day’s open following the –10% drop.
• Exit Rule: Position is closed at the earliest of the following: a fixed holding period of 5 trading days, a take-profit of +10% from entry price, or a stop-loss of –10% from entry price.
• Back-test Span: From 2022-01-01 to 2025-08-29.
• Price Series: FIDA daily closing prices are used for the test, with each calendar day considered a trading day in the crypto context.

This setup allows for a focused analysis of the performance of long positions initiated immediately after a 10% or greater decline in FIDA. By applying these rules to historical data, the backtest can provide insight into whether such a strategy could have mitigated or capitalized on the recent volatility.

Feel free to adjust any of the parameters—such as entry timing, profit targets, or holding period—before proceeding with the data pull and execution of the test.