How serious are the consequences of "misoperation"?

Cardano whales burned $6 million after hitting a liquidity-strapped USDA fund pool.

A Cardano wallet that has been dormant since September 2020 exchanged 14.4 million ADA (worth 6.9 million USD) for only 847,695 USDA (a little-known stablecoin), resulting in a loss of about 6.05 million USD due to severe slippage. This transaction briefly pushed the price of USDA on the Cardano decentralized exchange (DEX) up to 1.26 USD, before stabilizing around 1.04 USD, highlighting the risks posed by illiquid pools of funds in large transactions.

It hasn't changed in five years, and just taking action resulted in the loss of a Rolls Royce! The actions of this large ADA holder make my heart ache.

The Cost of Illiquidity: This case is sufficient to be included in textbooks. It vividly reveals the risks of executing large trades in a market with insufficient liquidity. When you attempt to quickly sell a large amount of assets, the market simply cannot absorb it, ultimately leading to prices being smashed down or skyrocketing to huge slippage losses.

This serves as a wake-up call for all coin holders, especially those with large assets:

Pay attention to liquidity before trading: Whether it's a treasure you've cherished for many years or a newly discovered project, always verify the liquidity depth of the trading pair before making a large transaction. Don't be afraid of trouble; start with a small amount to test the waters.

Participating cautiously in emerging ecosystems: Assets such as the stablecoin USDA on Cardano are still in the early stages of development, and their liquidity cannot be compared to that of mature public chains like Ethereum. While there are opportunities in emerging ecosystems, they also come with specific risks.

In summary, in the field of cryptocurrency, opportunities and traps coexist, and the traps are unfathomable. A moment of negligence could lead to a significant reduction in years of savings. It is always wise to double-check before operating.
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