Cardano Whale’s $6M Loss Highlights DeFi Risks and Liquidity Concerns

A recent incident involving a dormant Cardano whale has highlighted vulnerabilities in decentralized finance (DeFi). The whale accidentally lost over $6 million after swapping 14.4 million ADA in a low-liquidity pool, causing a significant price spike for a lesser-known stablecoin. This event has raised concerns about market stability and the need for increased liquidity within DeFi ecosystems on Cardano.