According to ChainCatcher, HyperInsight and CoinGlass monitoring data show that PUMP has dropped approximately 8.4% in the short term, currently trading at $0.00264; FARTCOIN has fallen over 13%, now at $0.373. In the past hour, about 99% of liquidation orders on the Hyperliquid platform for both tokens 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 primarily triggered by a whale address (0xbaa). This address is the second-largest long position holder for PUMP on-chain and the largest long position holder for FARTCOIN. Monitoring data show that its PUMP long positions were hit by two large-scale liquidations within half an hour, totaling approximately $14.32 million in liquidation volume, with a loss of about $470,000. The next round of liquidation is expected to occur near $0.00218. The FARTCOIN long positions were also liquidated for about $11.16 million, with the next round of liquidation expected around $0.348. Currently, the whale's total position size has been reduced to approximately $5.86 million.
PUMP Loses $14.3M in Liquidations as Whale Address Sparks Major Short-Term Crash
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Summary
Whale activity triggered a sharp decline in PUMP, as a major whale address (0xbaa) caused $14.3 million in liquidations. PUMP dropped 8.4%, reaching $0.00264. Two long positions were completely wiped out, resulting in a $470,000 loss. The next level of liquidations is near $0.00218. Whale activity has reduced the total liquidation amount to $5.86 million.
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