The POWER team transfers $29 million in tokens, resulting in a price drop of over 58.6% today

BlockBeats News, March 3rd, according to onchainschool.pro monitoring, the POWER team's wallet address has been activated today, transferring POWER tokens worth $29 million to an intermediary wallet and starting to continuously transfer to trading platforms, with the tokens currently in a state of gradual delivery.

According to HTX market information, the POWER token plummeted more than 58.6% today, currently trading at $0.7.