FARTCOIN's market value has experienced a sudden 10% drop, with over $7.8 million in liquidations across the network in the past hour, ranking first.

BlockBeats News, November 11th, according to GMGN monitoring, the Solana-based meme FARTCOIN's market cap has reached 3 billion dollars, experiencing a brief 10% decline and is currently trading at $0.306. As a result, in the past hour, liquidations across the network exceeded 7.87 million dollars, ranking first, and in the past 4 hours, liquidations reached 9.56 million dollars, with long positions accounting for about 99%, second only to BTC.

In addition, according to HyperInsight monitoring, liquidations of FARTCOIN on Hyperliquid accounted for about 47% of the entire network, with the largest long position in FARTCOIN having an unrealized loss of 240,000 dollars (97%), holding approximately 2.5 million dollars, with a liquidation price of $0.297, only about 2.3% away from liquidation.

BlockBeats reminds investors that the recent cryptocurrency market volatility has significantly intensified, and investors need to pay attention to risk management.