According to Lookonchain, citing on-chain investigator ZachXBT, a wallet dormant for 5 years swapped 14.45M ADA (about $7.08M) into USDA roughly 9 hours ago (source: Lookonchain on X; ZachXBT on X). Due to low USDA liquidity, the wallet received only 847,694 USDA, implying an approximate $6.2M realized loss on execution (source: Lookonchain on X; transaction data via Cexplorer). For traders, the event highlights severe slippage risk and shallow depth on ADA-USDA routes in Cardano DeFi when moving size, as attributed to low liquidity by Lookonchain (source: Lookonchain on X; Cexplorer).

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.

According to The White House, the USDA and SecRollins have announced a comprehensive $1 billion plan to stabilize egg prices, focusing on $500 million for farm biosecurity, $400 million for farmer relief, and $100 million for R&D. This initiative also aims to cut regulatory costs and promote safe imports, potentially impacting market prices positively by increasing supply and reducing production costs.