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Cardano Holder Faces $6.05M Loss in Massive ADA-USDA Swap After 5-Year Dormancy
Gate News bot message, On-chain analyst @zachxbt reports a significant market event where a Cardano holder executed a substantial swap of 14.4 million ADA (valued at $6.9 million) for 847,000 USDA. The transaction resulted in a $6.05 million loss due to insufficient liquidity in the market.
The noteworthy aspect of this transaction is that these funds had remained inactive for approximately 5 years before this dramatic exchange took place.