A Cardano user reportedly lost approximately $6.05 million after exchanging 14.4 million ADA for 847,000 USDA, a stablecoin on the Cardano network. The transaction, highlighted by blockchain detective ZachXBT, occurred amid extremely low liquidity, causing a temporary spike in USDA's price. The ADA involved had been inactive for nearly five years before this trade.
Cardano User Loses $6 Million in Low-Liquidity Trade
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