Power Protocol’s POWER token has fallen over 90% in the past 24 hours, erasing all of its February 2026 gains.
This staggering loss sparked discussion about the project as the large-scale token unlock approaches.
Power Token soars 900% in February, then faces 90% loss
To explain, Power Protocol is a blockchain infrastructure platform focused on Web3 gaming and entertainment. Bringing together games, consumer applications, studios, and digital IP under a shared economy layer powered by POWER tokens.
The altcoin is a relatively new market entrant, having been launched on December 5, 2025. After the initial rise, the token experienced volatility.
Nevertheless, momentum picked up again in early February, even as the overall market continued to struggle. Later that month, the platform secured $3 million in funding from BITKRAFT Ventures.
“Power Protocol has raised new funding in a round led exclusively by BITKRAFTVC, bringing total funding to $15.4 million. With POWER at our core, we are building the economic engine behind the next generation of crypto entertainment,” the platform announced.
POWER rose over 900% during February. This rally culminated with the altcoin hitting an all-time high of $2.46 on March 2nd.
However, there was a significant decline after that. The token has fallen 90% in the past day, hitting an intraday low of $0.15, its lowest level since late January, according to data from BeInCrypto Markets. At the time of writing, POWER was trading at $0.18.
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The sharp decline has propelled POWER to the top of CoinGecko’s daily losers list. Additionally, community sentiment remains largely negative, with 64% of users being bearish about the token.
CoinGecko cited two reasons for the decline. First, there was reportedly a temporary outage at Ronin Bridge. This has created a large price difference between on-chain markets and centralized exchanges (CEX).
Second, the upcoming token unlocking scheduled for March 5 has heightened concerns about further selling pressure. According to DropsTab data, unlocks represent 1.2% of total supply.
However, the severity of the decline has also sparked community speculation. Created by some users of X Suspicion of rug pullingothers labeled it a “crime dump”.
“Crime coins can also do what $POWER is currently doing… -75% in one day. What could go up…” wrote Altcoin Sherpa.
Although these remain doubtful, it is clear that the decline is having an impact on investor sentiment. Market participants may become more cautious as the March 5 unlock date approaches. Further declines could follow if sentiment continues to deteriorate and newly unlocked tokens are sold off rapidly.
