Why is POWER Token down more than 90%?
The Power Protocol POWER token has dropped more than 90% in the last 24 hours, erasing all of its February 2026 gains.
The surprise loss has sparked debate over the project as it is the main token unlocking approach.
Power Token rises 900% in February, then faces a 90% loss
For context, PowerProtocol is a blockchain infrastructure platform focused on Web 3 gaming and entertainment. It unites games, consumer applications, studios and digital IP under a common economic umbrella powered by the POWER token.
The altcoin is a relatively new market entry that launched on December 5, 2025. Following the initial rally, the token experienced volatility.
However, momentum picked up again in early February, even as the broader market continued to struggle. Later in the month, the platform received $3 million in funding from BITKRAFT Ventures.
“Power Protocol has raised new funding in a round led exclusively by BITKRAFTVC, bringing its total funding to $15.4 million. We are building the economic engine behind the next generation of crypto entertainment, POWER at its core,” announced the platform.
In February, POWER rose more than 900%. The rally ended with the altcoin hitting a high of $2.46 on March 2.
However, what followed was a massive failure. According to BeCrypto Markets data, the token is down 90% from the previous day, hitting a daily low of $0.15, the lowest level since late January. At press time, POWER traded at $0.18.
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The sharp decline has pushed POWER to the top of CoinGecko's daily losers list. Additionally, community sentiment is largely negative, with 64% of users aware of the token.
CoinGecko attributed the decline to two triggers. First, the Ronin Bridge was reported to be temporarily suspended. This created a huge price gap between chain markets and centralized exchanges (CEXs).
Second, the upcoming token launch, scheduled for March 5, has heightened fears of further selling pressure. According to DropsTab data, the opening represents 1.2% of the total supply.
Meanwhile, the severity of the downfall has also sparked public concern. Some users made by X Carpet-pulling chargesOthers called it a “criminal dump.”
“Criminal coins can do what $POWER is doing now….go -75% per day. What will add up…,” Altcoin Sherpa wrote.
While these allegations remain, the decline has clearly affected investor sentiment. As the March 5 opening date approaches, market participants may be growing cautious. If sentiment worsens and newly launched tokens sell off quickly, further declines may follow.
