A Cardano holder exchanged 14.4 million ADA for 847,000 USDA, incurring a loss of approximately $6.05 million.
According to a report by Jinse Finance, as monitored by Onchain Lens and based on information from ZachXBT, a Cardano holder exchanged 14.4 million ADA (approximately $6.9 million) for 847,000 USDA. Due to extremely low liquidity, this resulted in a massive loss of about $6.05 million and caused a brief surge in the price of ADA. These funds had been dormant for about 5 years prior to this disastrous transaction.
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