PANews reported on November 17th that, according to blockchain detective ZachXBT, a Cardano user exchanged 14.4 million ADA (approximately $6.9 million) for 847,000 USDA (a USD stablecoin on Cardano) about two hours ago. Due to extremely low liquidity in the pool, the transaction caused a short-term surge in the price of USDA, resulting in a loss of approximately $6.05 million for the user. It is claimed that these funds had been idle for nearly five years.
ZachXBT: Cardano users lose over $6 million due to low-liquidity trading.
Share to:
Author: PA一线
This content is for market information only and is not investment advice.
Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
Cardano founder: Has lost over $3 billion in the crypto space, but chooses to stay rather than quit.
