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HTXdearestWhy CoW Protocol sits so far below its peak
CoW Protocol trades at $0.0996 today — −91.9% from its $1.23 high set in December 2024. A fall that deep means something simple: returning to that level would take a 12× rise.
From low to high
CoW Protocol (COW) price high and low
Over 2 years the price of CoW Protocol has moved between $0.0988 and $1.23. The low came in November 2026, the high in December 2024.
The deepest COW drawdown
The deepest fall on monthly closes was −88.8%: from the peak in December 2024 to the bottom in November 2026, taking 23 months. A useful number: it shows what holding through would have meant.
How long since the high
It has been 23 months since that high, and the price has not returned to it.
What the years show
Best and worst year for CoW Protocol
The best full year was 2025 at −76.0%. The worst was 2025 at −76.0%. Of 1 full year, 0 closed up and 1 closed down.
Falling years outnumber rising ones — but the spread between the best and worst year matters more than the count: that is what tells you what to be ready for.
COW price in 2026
The current year stands at −53.3%, ranging from $0.0988 to $0.2900.
Months: how many closed up
How many months COW closed up
Of 23 closed months, 8 finished up and 15 finished down — 35% of months were rising ones. The average month returned −1.2%.
Strongest and weakest month for CoW Protocol
The strongest month on record was December 2024 at +110%; the hardest was February 2025 at −39.3%.
Does COW have a seasonal pattern
Which month CoW Protocol rose in most often
On average COW did best in December: +61.0% across 2 observations, 2 of them positive. It did worst in January: −29.8% across 2 observations.
Why the number of observations beats the average percentage
We print the number of observations next to the percentage for a reason. 2 observations is 2 observations: on a sample that size a pattern cannot be told apart from coincidence. Interesting to look at, not something to plan around.
How to use this
What these numbers do not say
Everything above is the past. It does not say where the price goes next, but it does show the range to be ready for: $0.0988 to $1.23, with a drawdown of −88.8%.
Where to check the COW price across exchanges
What is useful right now comes down to three things, all of them computed from live data rather than history.
The COW price gap between exchanges
COW costs different amounts on different exchanges, and that gap is visible in the cross-exchange scanner: it shows where the coin is cheaper and where it is dearer right now.
How much COW you can actually buy at that price
Before a large purchase it is worth checking the order books — they show how much you can actually take at a given price, not just the best offer.
Moving COW between platforms
And if the coin has to move between venues, the transfers section shows which network is cheaper.
