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FARTCOIN briefly drops below $0.29, with nearly 1 hour of all-network long positions liquidated at the top
BlockBeats News, December 18 — According to GMGN monitoring, the Meme coin FARTCOIN on the Solana chain experienced a short-term decline of approximately 8.4%, with a low point touching $0.28. It is currently trading at $0.29. Additionally, according to HyperInsight monitoring, FARTCOIN on Hyperliquid was liquidated about 38% of the entire network, with the largest short whale (0x7fd) continuously closing positions over the past hour. The current position size is approximately $7.79 million, with unrealized gains of $1.75 million (226%), and a liquidation price of $0.297, only about 2.3% away from liquidation. Furthermore, according to Arkham monitoring, this address is suspected to belong to Web3 asset management firm Fasanara Capital, which has managed over $3.5 billion in assets and also has a team dedicated to crypto arbitrage trading and lending.