According to on-chain analyst Yu Jin, 30 million POWER tokens (worth $16.23 million) were transferred from addresses associated with the Power Protocol project to Bitget and MEXC last night and this morning, causing the POWER (Power Protocol) token to plummet by 90% from $1.86 to $0.17. Specifically, between 11 PM last night and 9 AM this morning, 30 million POWER tokens were transferred from the team-linked multisignature wallet 0x027A...cd6c to Bitget and MEXC: 20 million went to Bitget and 10 million went to MEXC. Subsequently, the price of POWER began to fall, from $1.86 to $0.17.