Crypto Market Hit Hard by NAKA's 99% Price Crash

The cryptocurrency market has witnessed a significant downturn, with NAKA being one of the most affected tokens. The company behind NAKA, Nakamoto Inc., purchased 5,398 Bitcoin near record highs, which led to a substantial decline in value when prices corrected.

NAKA's price fell by 99.32% over 280 days, erasing $23.6 billion in market capitalization as of February 21, 2026. This steep decline has raised concerns about the company's Bitcoin treasury strategy and risk management practices.