XVG Price Down 102.17% in 24 Hours Amid Sustained Downtrend

On SEP 1 2025, XVG dropped by 102.17% within 24 hours to reach $0.005805, XVG dropped by 1009.28% within 7 days, dropped by 104.03% within 1 month, and dropped by 5948.13% within 1 year.

The recent sharp correction in XVG has deepened an already extended bearish trend. Over the past month, the asset has lost approximately 104% of its value, while over the last year, the loss has exceeded 5948%. These figures indicate a severe and prolonged decline, far beyond typical market volatility patterns. Analysts project that the magnitude of the drop points to underlying structural or liquidity issues, though no firm conclusions can be drawn without additional context or on-chain analysis.

From a technical perspective, XVG has shown no signs of near-term recovery, with key indicators such as moving averages and volume profiles continuing to trend downward. The asset’s price has now broken below critical support levels that had previously contained its decline, raising questions about further downward pressure. A continuation of the current trajectory could trigger additional stop-loss activity and force liquidations across leveraged positions.

Backtest Hypothesis

Given the dramatic decline, a backtest is being proposed to analyze the historical behavior of XVG following similarly severe price drops. The strategy seeks to determine whether the asset has exhibited predictable patterns after large corrections. To define the backtest parameters, it is important to clarify the precise nature of the drop. While the reported 102.17% decline is not technically possible in a single day (prices cannot fall below zero), it may be interpreted as a drawdown of roughly -92.17%—indicating the price reached approximately 7.83% of its previous level. Alternatively, the figure could represent an approximate or cumulative drop.

The event definition will require identifying whether the backtest should focus on any day that met a specific drop threshold (e.g., ≥ 40%, ≥ 50%, etc.) or if it should target a specific date. The time frame for analysis has been proposed as from 2022 to the present (2025-09-01), and confirmation is needed to ensure the accuracy of these bounds.

Once the exact drop threshold or specific event date is established, the necessary price data will be retrieved, and an event backtest will be conducted to evaluate historical price responses and potential volatility patterns.