Analyst: The POWER team has transferred 29 million dollars worth of tokens, and the tokens have dropped nearly 60% today

According to market news, the $POWER project team has transferred approximately $29 million worth of $POWER tokens to an intermediary wallet. Subsequently, the wallet began distributing these tokens, some of which have been deposited into the Bitget exchange.

According to Coingecko data, the POWER token has dropped nearly 60%, currently priced at $0.7027.