Data: FARTCOIN's market value briefly dropped by 10%, with over 7.87 million dollars in liquidations across the network in the past hour, ranking first

According to GMGN monitoring, the market capitalization of the meme FARTCOIN on the Solana chain has reached 300 million USD, experiencing a short-term decline of 10%, currently priced at 0.306 USD. As a result, over the past hour, the total liquidations across the network exceeded 7.87 million USD, with nearly 9.56 million USD liquidated in the past 4 hours, of which long positions accounted for about 99%. The total liquidations across the network are second only to BTC.

In addition, according to HyperInsight monitoring, liquidations of FARTCOIN on Hyperliquid account for about 47% of the total network, with the largest long position in FARTCOIN having an unrealized loss of 240,000 USD (97%), with a position size of approximately 2.5 million USD and a liquidation price of 0.297 USD, just about 2.3% away from liquidation.

ChainCatcher reports that the volatility in the cryptocurrency market has significantly increased recently, and investors need to pay attention to risk control.