Nesa Price Plunges 25% Amid Kraken Deposit Delay Investigation

Nesa's price plummeted by nearly 25% in a single day on August 24, 2026, as Kraken exchange announced an ongoing investigation into deposit delays affecting the token. The sharp decline contrasts with the broader cryptocurrency market's rally, where Bitcoin surged due to regulatory optimism and U.S. Treasury buybacks.

Kraken's announcement of potential delays in Nesa deposits sparked immediate selling pressure among NES markets. Deposits are a critical function that allows users to move tokens onto exchanges for trading or withdrawal. The exchange did not specify the root cause but confirmed an active investigation, which market participants interpreted as a red flag.

The 24-hour trading volume of nearly $9.65 million indicates heavy market participation, likely dominated by those rushing to liquidate positions amid uncertainty. While NES was tanking, Bitcoin gained momentum on positive macro factors, suggesting the NES sell-off is a token-specific event rather than a reflection of wider market weakness.