A gaming token pumped 900% in 30 days and crashed 90% in 30 minutes and the team blamed their market making partner
$POWER executed the cleanest exit in 2026 so far
- web3 gaming token launched December 2025
- raised $15.4M including $3M from BITKRAFT Ventures in February
- KOLs promoted it heavy through feb
- pumped 900% while the rest of the market was bleeding
- hit ATH $2.46 on March 2
- 2,729 wallets and $121K liquidity on PancakeSwap thats it
in March 3 everything collapsed
- a team-linked wallet moved 30M POWER to exchanges
- 20M went to Bitget
- 10M went to MEXC through an intermediary wallet
- total value $16.23M
- all of it sold
- price went from $2.46 to $0.17
- 90% gone in hours
teams excuse:
"we sent 30M tokens to a market-making partner and they sold without authorization"
so you handed someone $16M worth of your token and had zero controls over what they did with it and it just happened to get dumped at the exact all time high right
- Ronin Bridge paused the same day creating a price gap between DEX and CEX
- arbitrage bots and liquidation bots piled on top of the dump
- PancakeSwap had $121K liquidity backing a token with $200M+ FDV
- the order book got eaten alive
- every big holder exited during the crash
- retail couldnt sell fast enough
and it gets worse
- token unlock hitting March 5 adding more sell pressure
- 790M tokens still locked out of 1B total supply
- FDV is 4.75x the current market cap
- team went silent after the crash
- no plan to compensate anyone
- launchpad buyers have zero recourse
$1,000 invested on March 2 is worth $100 on March 3
the real lesson here isnt about $POWER specifically its about what happens when you ape into a token with 2,729 holders and $121K liquidity because a KOL told you to
if a tokens entire DEX liquidity cant cover one insider sell you are not early you are the exit