POWER Token Plummets 90% Amid Market Turmoil
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James Mitchell combines investment banking with cryptocurrency journalism to analyze the institutional adoption of digital assets. Specializing in ETFs and regulation, he translates complex developments…
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The POWER token of Power Protocol has experienced a staggering decline of over 90% within the last 24 hours, wiping out all gains it had amassed in February 2026.
This substantial drop has ignited discussions regarding the future of the project, especially with a significant token unlock imminent.
Power Protocol is recognized for its blockchain infrastructure tailored for the Web3 gaming and entertainment sectors. By integrating games, consumer applications, studios, and digital intellectual properties, it aims to create a cohesive economic framework supported by the POWER token.
Since its inception on December 5, 2025, the altcoin has experienced notable fluctuations. Although the token initially struggled, it regained momentum in early February, managing to rise amidst broader market difficulties. This resurgence was further bolstered by an announcement of a $3 million funding round led by BITKRAFT Ventures.
According to the platform, they successfully raised new capital, which increased their total funding to $15.4 million, establishing POWER as central to their vision for the future of crypto entertainment.
During February, the POWER token surged by more than 900%, ultimately achieving an all-time high of $2.46 on March 2. However, subsequent days saw a dramatic rollback, with market data indicating a 90% decrease, bringing the token down to an intraday low of $0.15, the lowest amount it had reached since late January. At the time of reporting, the token was trading at $0.18.
The sudden decline placed POWER at the forefront of CoinGecko’s daily losers, and user sentiment within the community was notably pessimistic, with 64% of participants expressing bearish views about the token.
CoinGecko identified two primary reasons for this decline. First, there was a temporary halt of the Ronin Bridge, which created a significant disparity in pricing between on-chain markets and centralized exchanges.
One observer noted a massive spike in daily transfers through the Ronin bridge, which led to significant gains for those who managed to leverage short positions through centralized exchanges.
The second factor contributing to the downturn was the approaching token unlock set for March 5, which has stirred fears of increased selling pressure among investors. DropsTab indicated that this unlock pertains to 1.2% of the total token supply.
In light of the drastic drop, speculation abounded within the community, with some users on X suggesting potential rug-pull scenarios and referring to it as a “crime dump.”
One commentator remarked that coins facing significant declines can often experience drastic price changes in short time frames.
While such claims remain unverified, it is undeniable that the dramatic decline has altered investor sentiment significantly. As the March 5 unlock approaches, market participants may be bracing for further price drops if negative sentiment persists and newly unlocked tokens are quickly sold off.
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