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PUMP Tops All Networks in Last Hour Liquidations, $14.3M Longs Liquidated on Chain's PUMP Leaderboard II
BlockBeats News, January 15th, according to HyperInsight and CoinGlass monitoring, PUMP experienced a short-term drop of about 8.4%, currently trading at $0.00264; FARTCOIN plummeted over 13%, currently trading at $0.373. In the past hour, about 99% of the liquidation orders on the Hyperliquid platform for both were long positions, accounting for 97.6% and 95.5% of the coin's total liquidation volume, respectively.
This large-scale liquidation was mainly caused by a whale address (0xbaa). This address is the second largest long on-chain for PUMP and the largest long for FARTCOIN. Monitoring shows that its PUMP longs suffered two consecutive large liquidations within half an hour, totaling about $14.32 million, with a loss of about $470,000, and the next liquidation price is around $0.00218; FARTCOIN longs were also liquidated simultaneously for about $11.16 million, with the next liquidation price expected to be around $0.348. Currently, the total holdings of this whale account have been reduced to around $5.86 million.
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