OPEN has dropped by 743.46% within 24 hours during intense selling pressure and significant market fluctuations

On September 10, 2025, OPEN experienced a staggering 743.46% plunge in just 24 hours, dropping to $1.0333—an unprecedented single-day loss. Over the last week, its value has plummeted by 2800.11%, a severe decline echoed in both monthly and yearly metrics, each showing the same 2800.11% decrease. This extraordinary downturn has cast serious doubt on the project's long-term stability and has led to rampant speculation about potential liquidity concerns or systemic failures within its network.

The sharp drop triggered a surge of sell-offs, with no immediate signs that the market is stabilizing. There has been no indication of a short-term rebound, and the prolonged slump has drawn increased attention from both individual traders and institutional players. The magnitude of this loss is well beyond what is typically seen in market corrections, hinting at either a dramatic erosion of investor trust or a major technical malfunction on the platform. Although analysts have yet to provide detailed forecasts, they have highlighted the exceptional nature of such a persistent and steep decline in the crypto sector.

Key technical metrics have underscored the intensity of this downturn, with both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) pointing to extreme bearish momentum. The RSI has fallen to levels that suggest the asset is severely oversold, indicating the possibility of continued downward movement. MACD readings have shown a broadening negative gap, supporting the perspective that selling pressures remain dominant. While such indicators often signal the end of a sell-off, the ongoing decline here could indicate a more fundamental problem rather than just short-term volatility.

The price crash has also resulted in a dramatic exit of market players. Both open interest and liquidity have collapsed, amplifying the downward spiral. With a lack of substantial buying support, there is nothing to offset the heavy selling. The market has shifted away from its usual liquid, orderly structure to one characterized by panic-driven trades and a breakdown in price formation. At present, no significant resistance levels are providing support.