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The year 2025 saw both sudden rises and sudden falls. In the first months of 2025, some altcoins listed on Binance experienced sudden and sharp drops, becoming a major topic of discussion in the market.
Another decline has been added to the list of losses in the final days of the year. In the last few hours, the altcoin Overtake (TAKE), listed on Binance Alpha, experienced a sudden drop of over 70%.
According to CoinMarketCap data, TAKE experienced a drop of over 70% in 10 minutes. The price of TAKE fell from approximately $0.32 to $0.11116.
According to Binance Alpha, the token is currently trading at $0.127, down 68%.
The reason for the sharp decline is still unknown, and no official statement has been released. However, given that there appears to be no specific cause for TAKE’s drop, experts believe that the closing of leveraged positions and the risk-aversion trend in the market played a role.
At this point, it is noted that high-risk liquidations increased losses, and it is estimated that the price also cut below the critical $0.269–$0.319 support zone, triggering the decline.
*This is not investment advice.