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MITO drops by 151.38% in 24 hours during a turbulent market downturn

MITO drops by 151.38% in 24 hours during a turbulent market downturn

Bitget-RWA2025/09/08 06:10
By:CryptoPulse Alert

- MITO plunged 151.38% in 24 hours amid volatile market correction, following a 1,308.79% 7-day surge. - The token fell 411.79% in 30 days despite a 22.66% annual gain, highlighting extreme price cyclicalities. - Analysts attribute the crash to profit-taking after overvaluation concerns and broader market liquidity shifts. - MITO's volatility underscores risks of speculative trading and leverage in crypto markets.

On September 8, 2025, MITO experienced a sharp 151.38% drop in just 24 hours, falling to $0.2226. Over the preceding week, MITO had soared by 1308.79%, but over the past month, it plummeted 411.79%. Over the last year, however, the token managed to climb by 22.66%.

The abrupt decline in MITO's price over a single day has caught the eye of both analysts and investors, representing one of the largest recent pullbacks for the coin. This sharp move occurred as overall market conditions became more uncertain and traders reassessed speculative holdings. The dramatic rally of more than 1,300% in the prior week had already sparked debate over whether the gains were sustainable, potentially leading to a wave of profit-taking or forced liquidations soon after.

MITO's price action throughout the past month and year reveals a highly cyclical pattern. While the token dropped 411.79% in just 30 days, it still managed a 22.66% increase over 12 months. These statistics indicate that, although MITO might offer long-term growth prospects, it remains extremely sensitive to shifts in market mood and liquidity. The latest steep drop highlights the token’s inherent volatility and the dangers tied to leveraged or speculative trades.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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