FARTCOIN briefly fell below $0.29, ranking first in total long liquidations across the network in the past hour

BlockBeats News, December 18, according to monitoring, the Meme coin FARTCOIN on the Solana chain experienced a brief drop of about 8.4%, hitting a low of $0.28 and is now trading at $0.29. In addition, according to monitoring, FARTCOIN liquidations on Hyperliquid accounted for about 38% of the entire network, with the largest short whale (0x7fd) continuously closing positions within the past hour. The current position size is approximately $7.79 million, with an unrealized profit of $1.75 million (226%).

According to Arkham monitoring, this address is suspected to belong to the web3 asset management company Fasanara Capital, which has previously managed over $3.5 billion in assets and has a team dedicated to crypto asset arbitrage trading and lending.