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The POWER token crash wiped 90% of its value after a team-linked wallet dumped $16M worth of tokens, raising insider dump concerns.
Author: Kritika Gupta
Steady attention without excessive speculation.
6th March 2026- The POWER token crash has become one of the most dramatic market collapses in crypto during 2026. The Web3 gaming token surged 900% in just 30 days, then collapsed 90% within about 30 minutes on March 3, wiping out more than $180 million in market value. The sudden crash followed a large transfer of tokens from a wallet linked to the project team, which sent 30 million POWER worth about $16.23 million to centralized exchanges where they were sold.
The team later blamed its market-making partner for the sale, claiming the tokens were dumped without authorization. However, the explanation has triggered widespread skepticism across the crypto community, especially because the transaction occurred immediately after the token reached its all-time high of $2.46 on March 2.
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Farea
@FareaNFts
a gaming token pumped 900% in 30 days and crashed 90% in 30 minutes and the team blamed their market making partner $POWER executed the cleanest exit in 2026 so far - web3 gaming token launched December 2025 - raised $15.4M including $3M from BITKRAFT Ventures in February - https://t.co/Sd0MbfhjJW
05:57 PM·Mar 5, 2026
Gujil Ruipa
@GujilRuipa
What a crazy day for $POWER Down more than 82% in just 24 hours and over $6.4M in liquidations already. That’s a massive flush. Market cap is sitting around $36.6M now with roughly 210M tokens circulating. Open interest is still near $50M though which means leverage hasnt https://t.co/xnAMEh8RD2
11:49 PM·Mar 4, 2026
TheBreadmaker
@thebreadmakerx
What happened to $POWER? $POWER crashed from $3 to $0.17 in just 48 hours A $23M token unlock is scheduled for March 5, and it looks like the market started pricing that in early. Before the crash, $POWER was trading around $1.85–$2.25 and looked stable. Then funding rates https://t.co/8xlhWoFwr6
12:37 PM·Mar 4, 2026
The Web3 gaming token $POWER has become one of the most dramatic collapses in the crypto market in 2026. The token surged nearly 900% in just 30 days, only to crash 90% within roughly 30 minutes on March 3, wiping out more than $180 million in market value. As a result, many traders now describe the episode as “the cleanest exit of 2026 so far.”
The project launched in December 2025 on the Ronin blockchain as a Web3 gaming ecosystem token. The team raised $15.4 million in funding, including a $3 million investment from BITKRAFT Ventures in February 2026. Soon after, key opinion leaders across crypto social media began heavily promoting the project throughout February.
Consequently, momentum accelerated quickly. While most of the broader crypto market remained weak, $POWER climbed roughly 900%, attracting traders searching for short term gains. The token eventually reached an all-time high of $2.46 on March 2.
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The collapse began on March 3, shortly after the token reached its peak price.Blockchain data showed that a wallet linked to the team transferred 30 million $POWER tokens to exchanges. Investigators tracked 20 million tokens sent directly to Bitget, while 10 million tokens moved through an intermediary wallet before reaching MEXC. In total, the transfers represented about $16.23 million worth of tokens at the time.
Soon afterward, those tokens were fully sold on the market.As a result, the token price plunged from $2.46 to approximately $0.17, erasing about 90% of its value in less than an hour. Liquidity conditions worsened the situation.
At the same time, the Ronin Bridge paused operations, which created a pricing gap between centralized exchanges and decentralized markets. That imbalance triggered arbitrage bots and liquidation bots, which accelerated the selloff.
Following the POWER token crash, the project team blamed its market-making partner for the selloff. In a statement, the team said that it had sent 30 million tokens to a market maker who sold them without authorization.However, critics questioned that explanation. Observers argue that transferring $16 million worth of tokens without strict controls, especially near an all-time high, raises serious governance concerns.
Meanwhile, additional risks remain. A major token unlock scheduled for March 5 will release more supply into the market. Out of the 1 billion total tokens, roughly 790 million remain locked. Once unlocked, those tokens could create additional selling pressure.
The team has also gone largely silent since the crash, and it has not announced any compensation plan for investors. Launchpad participants and early buyers currently have no clear recourse.For traders, the damage is immediate. A $1,000 investment made at the March 2 peak is worth roughly $100 one day later.
Ultimately, the $POWER collapse highlights a recurring pattern in crypto markets. Projects with thin liquidity, heavy influencer promotion, and concentrated token supply can produce rapid gains.
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