Data: FARTCOIN market cap briefly drops 10%, with over $7.87 million in liquidations across the network in the past hour, ranking first

According to ChainCatcher, monitored by GMGN, the market cap of the meme coin FARTCOIN on the Solana chain reached 300 million USD, then briefly dropped by 10%, and is now quoted at 0.306 USD. As a result, in the past hour, total liquidations across the network exceeded 7.87 million USD, ranking first, and in the past 4 hours, liquidations reached 9.56 million USD, with long positions accounting for about 99%. Network-wide liquidations were second only to BTC.

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

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