PUMP experienced the highest liquidation across the entire network in the past hour, ranking second on the on-chain PUMP long position list with $14.3 million liquidated.

BlockBeats News, January 15 — According to monitoring by HyperInsight and CoinGlass, PUMP experienced a short-term decline of approximately 8.4%, currently trading at $0.00264; FARTCOIN dropped over 13%, now at $0.373. In the past hour, about 99% of liquidations on the Hyperliquid platform for both tokens were long positions, accounting for 97.6% and 95.5% of the total liquidation volume for each respective token.

This large-scale liquidation mainly originated from the whale address (0xbaa). This address is simultaneously the second-largest long position holder on-chain for PUMP and the largest long for FARTCOIN. Monitoring shows that its PUMP long positions were consecutively liquidated twice within half an hour, with a total scale of approximately $14.32 million, incurring a loss of about $470,000. The next liquidation price is around $0.00218; FARTCOIN long positions were also liquidated simultaneously for about $11.16 million, with the next liquidation price estimated at around $0.348. Currently, the total holdings of this whale account have been reduced to approximately $5.86 million.