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no way a cardano whale swaps 14.4 mil ADA for USDA and goes down 6 mil 💀📉🤡 hod
pattern: dormant whale activity sparks price surge due to low liquidity—underscores importance of adequate liquidity and caution in illiquid markets.
stablecoin integration
A Cardano whale mistakenly swapped 14.4 million ADA for USDA, losing over $6 million in a single transaction. The move, executed after five dormant years, caused a price surge due to low liquidity. The community debates whether it was a costly error, an attention-seeking stunt, or a liquidity issue. The incident highlights the need for stable liquidity on Cardano. Hoskinson stresses the ecosystem’s responsibility for stablecoin integration, amidst ongoing market pressure on ADA’s value. 🐋🔄💰
Cardano Holder Loses 87% of $6.9 Million in Botched USDA Swap
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