Core's price plunges 48% in a day as $96M volume exceeds market cap, sparking concerns over its future.

Core's cryptocurrency token CORE experienced a sharp 48% price drop within 24 hours, with $96 million in trading volume briefly surpassing its entire market capitalization. This unusual volume-to-market-cap ratio of 1.257x suggests heavy institutional selling or forced liquidations, pushing CORE down to around the #562 rank globally. The sudden collapse raises debate among traders whether this signals a final capitulation or deeper structural issues with the project, which aims to bring smart-contract capabilities to Bitcoin as a Layer-2 solution. Market watchers will be monitoring on-chain data and trading volumes to see if this marks a temporary shakeout or a prolonged decline.