Cardano whale lost 6 million dollars in a single transaction.

Recently, an event in the Cardano (ADA) universe caught the attention of investors. A 5-year-old whale entered a liquidity pool with extremely low liquidity, incurring a noticeable loss in its first transaction. This event stirred significant reactions among investors.

The wallet in the Cardano ecosystem exchanged 14.45 million ADA, worth approximately 7.08 million dollars, for a lesser-known stablecoin called USDA. However, due to the almost non-existent liquidity in the USDA pool, the wallet owner could only obtain 847,694 USDA. As a result of this transaction, the whale lost approximately 6.2 million dollars.

During the transaction, the USDA price briefly surged to 1.26 dollars in the pool but quickly reverted back to normal levels. On-chain researcher ZachXBT identified this situation, raising two possibilities in the minds of investors: that the whale mistakenly chose the wrong stablecoin or did not realize the weakness of the USDA pool's liquidity.

This event serves as a reminder that large transactions should always be conducted in liquid pools. In the past, many traders have suffered serious losses due to similar mistakes. However, what sets this incident apart is the loss of millions of dollars by a wallet that had been inactive for a long time with a significant move.

This swap transaction, which resonated widely within the Cardano community, emphasized the importance of liquidity in on-chain markets. Liquidity traps for whales continue to pose critical risks, and such mistakes once again highlight the error-intolerant nature of DeFi.