PUMP tops the liquidation rankings across the network in the past hour, as the second largest on-chain PUMP long position was liquidated for $14.3 million
BlockBeats News, January 15, according to HyperInsight and CoinGlass monitoring, PUMP dropped about 8.4% in a short period and is now quoted at $0.00264; FARTCOIN fell more than 13%, now quoted at $0.373. In the past hour, about 99% of the liquidation orders for both tokens on the Hyperliquid platform were long positions, accounting for 97.6% and 95.5% of the total liquidation volume for each token across the network, respectively.
This large-scale liquidation was mainly caused by a whale address (0xbaa). This address is simultaneously the second largest long holder of PUMP and the largest long holder of FARTCOIN on-chain. Monitoring shows that its PUMP long positions suffered two large liquidations within half an hour, totaling approximately $14.32 million, with a loss of about $470,000. The next liquidation price is around $0.00218; FARTCOIN long positions were also liquidated for about $11.16 million, with the next liquidation price expected to be around $0.348. Currently, the total position size of this whale account has been reduced to about $5.86 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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