EVE Online Records Highest Revenue Months as Pandemic Horde Disbands After 2025 Defeat

The BBC reported that the collapse of Pandemic Horde in late 2025 destroyed an estimated £400,000 in player assets and ended one of the largest alliances in EVE Online. James Cunningham, 27, from Ware in Hertfordshire, spent up to 16 hours a day and roughly £6,000 on the game since he began in 2017.

He rose to fleet commander of Pandemic Horde and directed thousands of players during the June 2025 conflict known as the War of Ruses.

The Imperium moved an estimated £5 million worth of assets across space to attack Pandemic Horde. Fenris Creations called the move the most ambitious in the game's history. Pandemic Horde retreated after the confrontation.

Months later the alliance's leader of more than 10 years left the game. Pandemic Horde attempted to relocate to new territory and faced continuous bombardment from rival groups for up to 24 hours a day. The alliance disbanded after the defeat.

An EVE Online super-fan estimated £700,000 in assets lost during the 2025 battles. Fenris Creations calculated the figure at around £400,000. Cunningham lost about £200 in assets after prioritizing his most valuable items.

November and December 2025 became the two highest-revenue months in the game's 23-year history, according to Fenris Creations. Creative director Bergur Finnbogason said a leader stepped down and 40,000 people were without a home or proper leadership. Finnbogason described the current state of the game as brimming with excitement and called the changes a reset.

Smaller groups now occupy territory once held by Pandemic Horde. Cunningham now plays less and has joined a smaller alliance. He said building assets and territory takes substantial time and that the loss still hurts because the destroyed space felt like a neighborhood.