According to @OnchainLens, citing @zachxbt, a Cardano wallet swapped 14.4M ADA, about $6.9M, into 847K USDA, incurring an estimated $6.05M loss due to low liquidity that briefly spiked the on-chain price, source: @OnchainLens; @zachxbt. On-chain records for address addr1qy5lcrk497pg88xkfgwxp2v9y328g3j87tvq3sefpkmg7n7nst5js3fzwl4cm8g46fm6unayaet8yfcw5kp3jkjy0tdsr4x534 show the funds were dormant for roughly five years before the swap, source: Blockchair blockchair.com/cardano/address/addr1qy5lcrk497pg88xkfgwxp2v9y328g3j87tvq3sefpkmg7n7nst5js3fzwl4cm8g46fm6unayaet8yfcw5kp3jkjy0tdsr4x534. For traders, the event underscores that a single large market order can overwhelm shallow Cardano liquidity and cause extreme slippage and short-term volatility in ADA and USDA pairs, source: @OnchainLens; Blockchair address above.