Haciyev Reşit 
A notable crash occurred in the crypto market. Power Protocol’s POWER token, after reaching an all-time high of $2.46 on Monday, lost more than 90% of its value within just 24 hours. This sharp drop wiped out nearly all gains accumulated during February 2026, causing panic and intense discussions among investors. Two main factors are driving the shock in the market: a temporary halt on the Ronin Bridge and the token unlock scheduled for March 5. Both developments increased price volatility and reinforced expectations of selling pressure.
How Did POWER Price Crash So Hard?
POWER had been on a strong upward trend throughout February. The token gained over 900% during the month, attracting significant short-term investor interest. This rally peaked on March 2 when POWER hit its ATH (all-time high) of $2.46. However, selling pressure quickly followed. Market data shows the token fell to $0.15 intraday, reaching its lowest level since the end of January. At the time of writing, POWER was trading around $0.18. One of the main factors accelerating the drop was the temporary halt on the Ronin Bridge. Bridge issues can restrict a token’s on-chain movement, creating significant price differences between on-chain markets and centralized exchanges (CEXs). These discrepancies can disrupt arbitrage balances, leading to sharper swings and prompting some investors to panic-sell. Especially during low liquidity periods, such technical disruptions become critical triggers that accelerate price declines.
March 5 Token Unlock Raised Selling Pressure Concerns
Another key factor is the token unlock scheduled for March 5. Token unlocks release previously locked tokens into circulation according to a predetermined schedule. This increase in supply is often seen as a potential selling pressure risk by investors. The sharp price movement of POWER is believed to have been amplified by expectations surrounding the unlock. Tokens released for early investors, team members, or private sale participants can increase short-term selling pressure. If a significant portion of unlocked tokens is sold quickly, the additional supply can further depress the price. As a result, market participants are closely monitoring the March 5 unlock for its potential impact.
Community Reaction: Harsh Criticism
The drop pushed POWER to the top of CoinGecko’s daily losers list, generating serious negative sentiment in the community. According to shared data, 64% of users hold a negative view of the token. On X (Twitter), some users raised “rug pull” allegations, while others criticized the project harshly. The 90%+ drop in just 24 hours demonstrates how quickly technical risks and supply dynamics are priced into the crypto market. In the coming days, investor focus will remain on the token unlock process and the normalization of bridge operations. If market sentiment does not recover and unlocked tokens are sold quickly, downward pressure on price may continue. Therefore, high volatility and cautious investor behavior are expected in the short term.