Overview
- The address swapped 14.4 million ADA (about $6.9 million) for 847,695 USDA, realizing roughly $6.05 million in losses at execution.
- On-chain records show the wallet had been inactive since September 2020 and sent a 4,437 ADA test transaction 33 seconds before the large swap.
- USDA briefly spiked to around $1.26 before easing toward $1.04, according to CoinGecko, as the trade overwhelmed shallow Cardano DEX liquidity.
- The stablecoin’s market cap sits near $10–10.6 million with liquidity concentrated in small pools, amplifying price impact for large orders.
- Investigator ZachXBT flagged the sequence, and reporting notes no evidence of an exploit and no confirmed intent, highlighting execution risk in Cardano’s low-liquidity DeFi.