Power Protocol's token, POWER, experienced a dramatic 90% drop in value, falling from $1.86 to $0.17, following the transfer of 30 million POWER tokens, valued at approximately $16.23 million, to exchanges Bitget and MEXC. The transfers occurred between 11 PM last night and 9 AM this morning from a team-associated multisig wallet. Specifically, 20 million POWER tokens were moved to Bitget, while 10 million were sent to MEXC, triggering the sharp decline in the token's price.