Power Protocol (Power) Token Faces Sharp 90% Drop: What Caused the Crash?
Power Protocol’s POWER token has dropped over 90% over the previous 24 hours, erasing all its February 2026 beneficial properties.
The staggering loss has sparked debate about the venture as a serious token unlock approaches.
Power Token Surges 900% in February, Then Faces 90% Loss
For context, Power Protocol is a blockchain infrastructure platform centered on Web3 gaming and leisure. It unifies video games, shopper functions, studios, and digital IP underneath a shared financial layer powered by the POWER token.
The altcoin is a relatively new market entrant, having launched on December 5, 2025. Following an preliminary rally, the token skilled volatility.
Nonetheless, momentum picked up once more in early February, whilst the broader market continued to struggle. Later in the month, the platform secured $3 million in funding from BITKRAFT Ventures.
“Power Protocol raised new funding in a spherical led solely by BITKRAFTVC, bringing complete funding to $15.4M. We’re constructing the financial engine behind the subsequent era of crypto leisure, with POWER at the core,” the platform announced.
Over the course of February, POWER climbed greater than 900%. The rally culminated in the altcoin hitting an all-time high of $2.46 on March 2.
However, what adopted was an enormous drop. BeInCrypto Markets knowledge confirmed the token declined 90% over the previous day, hitting an intraday low of $0.15, its lowest degree since late January. At press time, POWER traded at $0.18.
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The sharp decline has additionally propelled POWER to the prime of CoinGecko’s every day losers list. Additionally, neighborhood sentiment stays largely adverse, with 64% of customers bearish about the token.
CoinGecko attributed the decline to 2 triggers. First, the Ronin Bridge reportedly noticed a short lived pause. This created a big worth hole between on-chain markets and centralized exchanges (CEXs).
Second, an upcoming token unlock scheduled for March 5 intensified fears of extra promoting stress. According to DropsTab knowledge, the unlock represents 1.2% of the complete provide.
Meanwhile, the severity of the drop additionally triggered neighborhood hypothesis. Some users on X made rug-pull allegations, whereas others labeled it a “crime dump.”
“Crime cash may do what $POWER is doing now….go -75% in a day. What goes up…,” Altcoin Sherpa wrote.
While these stay allegations, it’s clear that the drop has affected investor sentiment. As the March 5 unlock date approaches, market members could also be rising cautious. Further declines might comply with if sentiment continues to worsen and newly unlocked tokens are bought off swiftly.
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