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TeraWulf Inc. drawdown: 71.6% below the all-time high (price)

TeraWulf Inc. is 71.6% below its all-time high, set Nov 19, 2021 (as of market close, Oct 20, 2026), measured on price alone — dividends are not included, the convention headlines and crash histories use. The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.

Below all-time high
−71.6%
28.4% of ATH
All-time high
$42.31
Nov 19, 2021
Time below the high
4.9 yrs
since Nov 19, 2021
Worst-ever drawdown
−98.7%
Mar 16, 2023
Longest underwater
7.5 yrs
between all-time highs
Today's level first reached
Mar 11, 2013
13.6 yrs ago
Last time this deep
Jan 5, 2021
in a previous episode

% of all-time high since 1994: price#

The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.

Basis
Range
All-time high = 100%20%40%60%80%
WULF close · log1.002.005.0010.0020.00
1995200020052010201520202025

The deepest drawdowns on record#

Every decline of 15% or more from an all-time high (price basis), deepest first.

PeakTroughDepthPeak → troughRecovered byUnderwater
Nov 19, 2021Mar 16, 2023−98.7%16 monot yet4.9 yrs+
Mar 6, 2014Mar 17, 2020−90.2%6.0 yrsAug 27, 20217.5 yrs
Aug 10, 1998Dec 28, 2001−71.9%3.4 yrsMar 2, 20045.6 yrs
Jan 25, 2008Feb 23, 2009−61.9%13 moMar 8, 20135.1 yrs
Mar 4, 2004May 3, 2005−46.4%14 moMar 21, 20062.0 yrs
Apr 19, 2006Nov 8, 2006−33.0%7 moJan 14, 20081.7 yrs
Aug 26, 1997Feb 24, 1998−31.1%6 moAug 10, 199811 mo
Oct 9, 2013Jan 23, 2014−30.6%3 moFeb 21, 20144 mo

Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.

Drawdown vs what came next#

One dot per month since 1994: how far TeraWulf Inc. stood below its all-time high, and the total return over the following 1, 5 and 10 years.

1950–19992000–today

Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.

FAQ#

How far is TeraWulf Inc. from its all-time high?
TeraWulf Inc. is currently 71.6% below its all-time high, set Nov 19, 2021 (as of market close, Oct 20, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
What was the biggest TeraWulf Inc. drawdown ever?
The deepest decline on record in our data (since 1994) took TeraWulf Inc. 98.7% below its prior high, bottoming Mar 16, 2023. The table on this page lists every major episode with its peak, trough and recovery date.

Methodology & related#

Daily data since -1 from WULF; no free deep history exists for TeraWulf Inc. — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.

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