Citing Blockchainreporter, the native token of Monad EVM blockchain, $MON, has experienced a sharp price collapse, triggering significant liquidations on HyperLiquid. Whale addresses '0xccb' and '0x549' faced full liquidations of $1.9M and $1.33M respectively, with '0x549' suffering a total drawdown of $4.17M. The crash has raised concerns about potential liquidity shocks in the broader crypto market.
MON Price Crash Triggers Millions in Whale Liquidations on HyperLiquid
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