March 4 News: Power Protocol’s POWER token plummeted over 90% in the past 24 hours, falling from a high of $2.46 to about $0.18, erasing all gains since February. This sharp decline has drawn market attention to the token’s future prospects and significantly dampened community sentiment, with approximately 64% of users holding a bearish stance.
Power Protocol is a blockchain platform focused on Web3 gaming and digital entertainment. Its core asset, the POWER token, has experienced volatility since its launch on December 5, 2025. In February, despite overall market downturns, the POWER price surged over 900%, supported by a $3 million funding round from BITKRAFT Ventures. However, as the token’s unlock date approaches, this rally quickly reversed.
Analysts point out that the recent crash was mainly influenced by two factors. First, the Ronin Bridge transaction was temporarily halted, causing a widening gap between on-chain market prices and centralized exchanges. Second, a planned token unlock on March 5, accounting for 1.2% of the total supply, heightened fears of selling pressure. Some community members even described the event as a “criminal dump,” suggesting that high-position buyers might face rapid profit-taking risks.
Market experts believe that as the unlock date nears, investors may become more cautious. If market sentiment continues to worsen and the newly unlocked tokens are sold off quickly, prices could decline further. This significant correction also serves as a reminder for investors to pay attention to liquidity and market risks in emerging Web3 entertainment projects.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Data: SOL breaks through 90 USDT, with a 24-hour increase of 6.13%
ChainCatcher reports that according to Gate Market Data, SOL has broken through 90 USDT, currently trading at 90.01 USDT, with a 24-hour increase of 6.13%.
GateNews11m ago
BTC Breaks Through 71,000 USDT
Gate News bot message, Gate market display, BTC breaks through 71,000 USDT, current price 71,050.1 USDT.
CryptoRadar33m ago
Dark Week for Asian Stocks! Korea locks out margin traders, Taiwan's many frogs are crying out, and Japan's NISA investors are feeling the pain of the stock market crash
The joint attack by the US and Israel on Iran caused a crash in Asian stock markets. South Korea's KOSPI plummeted nearly 20% over two days, marking the largest decline since 2008; Taiwan's stock market was also affected, with TSMC's market value evaporating nearly 2 trillion yuan, and PTT's stock board experiencing panic selling. The Japanese market also took a heavy hit, with the Nikkei index dropping over 4,000 points in three days. NISA investors are facing their first market crash challenge, and investor panic sentiment is rising. The market has not yet stabilized.
動區BlockTempo40m ago
ETH Breaks Through 2050 USDT
Gate News bot message, Gate market display, ETH breaks through 2050 USDT, current price 2050.62 USDT.
CryptoRadar42m ago
ETH 15-minute short-term rally up 1.23%: Institutional capital inflows and protocol upgrade expectations drive price rebound
From 08:30 to 08:45 on March 4, 2026 (UTC), ETH recorded a +1.23% return within a 15-minute candlestick, with a price range of 2005.33 - 2030.77 USDT and an amplitude of 1.27%. Market attention during this period significantly increased, short-term volatility intensified, trading volume expanded accordingly, indicating a rapid rise in investor sentiment.
The main driver of this movement was the concentrated inflow of institutional funds. ETH-related ETFs saw a single-day net inflow of up to $157 million, reaching a two-month high. At the same time,
GateNews43m ago
BTC 15-minute increase of 0.83%: Short covering and on-chain large funds resonate to drive the move
From 08:30 to 08:45 (UTC) on March 4, 2026, BTC recorded a +0.83% return, with a price range of 69,305.8 to 69,914.2 USDT, and an amplitude of 0.88%. In a short period, market attention significantly increased, trading volume expanded compared to usual, reflecting rapid capital flow and heightened volatility.
The main drivers of this movement are partial short covering and concentrated liquidation of leveraged positions. Previously, after BTC retested a key support level, short positions were forced to cover and buy, pushing the price higher. During the same period, the frequency of large on-chain transfers and the average transaction amount increased markedly.
GateNews43m ago
