Data: FARTCOIN briefly fell below $0.29, with the highest number of long positions liquidated across the network in the past hour

According to GMGN monitoring, the meme coin FARTCOIN on the Solana chain briefly dropped by about 8.4%, hitting a low of $0.28, and is currently reported at $0.29.

In addition, according to HyperInsight monitoring, FARTCOIN liquidations on Hyperliquid account for about 38% of the entire network, with the largest short whale (0x7fd) continuously closing positions over the past hour, currently holding a position size of approximately $7.79 million, with an unrealized profit of $1.75 million (226%), and a liquidation price of $0.297, just about 2.3% away from liquidation. Furthermore, according to Arkham monitoring, this address is suspected to belong to the web3 asset management company Fasanara Capital, which previously managed over $3.5 billion in assets and has a team dedicated to cryptocurrency arbitrage trading and lending.