A Cardano holder has experienced a staggering financial blow this week, losing over $6 million worth of ADA in just minutes due to on-chain liquidity issues. The funds, which had been sitting dormant for nearly five years, vanished almost instantly during the massive swap. The incident raises alarm regarding the risks involved in using Decentralized Exchanges (DEXs) and the importance of understanding liquidity and slippage before executing large trades.

Cardano Holder Loses Over $6 Million ADA In Minutes

A new report from a famous on-chain sleuth , ZachXBT, revealed a jaw-dropping loss for a Cardano investor. The user had swapped 14.4 million ADA, valued at approximately $6.9 million, for 847,000 USDA, a stablecoin pegged to ADA . The transaction occurred

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