Power Protocol (Power) Token Faces Sharp 90% Drop: What Caused the Crash?

Power Protocols POWER token has dropped over 90% over the past 24 hours, erasing all its February 2026 gains. The staggering loss has sparked debate about the project as a major token unlock approaches. Power Token Surges 900% in February, Then Faces 90% Loss For context, Power Protocol is a blockchain infrastructure platform focused on Web3 gaming and entertainment. It unifies games, consumer applications, studios, and digital IP under a shared economic layer powered by the POWER token. The altcoin is a relatively new market entrant, having launched on December 5, 2025. Following an initial rally, the token experienced volatility. Nonetheless, momentum picked up again in early February, even as the broader market continued to struggle. Later in the month, the platform secured $3 million in funding from BITKRAFT Ventures. Power Protocol raised new funding in a round led exclusively by BITKRAFTVC, bringing total funding to $15.4M. Were building the economic engine behind the next generation of crypto entertainment, with POWER at the core, the platform announced. Over the course of February, POWER climbed more than 900%. The rally culminated in the altcoin hitting an all-time high of $2.46 on March 2. However, what followed was a massive drop. BeInCrypto Markets data showed the token declined 90% over the past day, hitting an intraday low of $0.15, its lowest level since late January. At press time, POWER traded at $0.18. The sharp decline has also propelled POWER to the top of CoinGeckos daily losers list. Additionally, community sentiment remains largely negative, with 64% of users bearish about the token. CoinGecko attributed the decline to two triggers. First, the Ronin Bridge reportedly saw a temporary pause. This created a significant price gap between on-chain markets and centralized exchanges (CEXs). Second, an upcoming token unlock scheduled for March 5 intensified fears of additional selling pressure. According to DropsTab data, the unlock represents 1.2% of the total supply. POWER Token Unlock. Source: DropsTab Meanwhile, the severity of the drop also triggered community speculation. Some users on X made rug-pullallegations, while others labeled ita crime dump. Crime coins can also do what $POWER is doing now.go -75% in a day. What goes up, Altcoin Sherpa wrote. While these remain allegations, it is clear that the drop has affected investor sentiment. As the March 5 unlock date approaches, market participants may be growing cautious. Further declines could follow if sentiment continues to worsen and newly unlocked tokens are sold off swiftly. Read the article at BeInCrypto