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FARTCOIN market capitalization briefly dropped by 10%, with over 7.8 million dollars in liquidations across the network in the last hour.
On November 11, according to GMGN monitoring, the meme FARTCOIN on the Solana chain reached a market capitalization of 300 million USD, briefly declining by 10%, currently reported at 0.306 USD. As a result, over the past hour, the total liquidation across the network exceeded 7.87 million USD, ranking first, with nearly 4 hours of liquidations totaling 9.56 million USD, of which long positions accounted for about 99%, and the total liquidation on the network was only second to BTC. Additionally, according to HyperInsight monitoring, liquidations of FARTCOIN on Hyperliquid accounted for approximately 47% of the total network, among which the largest long position in FARTCOIN has unrealized losses of 240,000 USD (97%), with a position size of about 2.5 million USD, a liquidation price of 0.297 USD, and only about 2.3% away from liquidation. Rhythm BlockBeats reminds investors that the fluctuations in the cryptocurrency market have significantly intensified recently, and investors need to pay attention to risk control.