According to data from Coinglass on November 6 , the two names that caused the most "storm" in the market in the past 24 hours were SOON and GIGGLE , when both recorded the highest liquidation volume in the entire network .
💥 GIGGLE – From the peak of $272 to $214 in just a few hours
Specifically, GIGGLE saw a total liquidation value of up to $13.6 million , including $4.28 million in Longing positions and $9.32 million in Short positions .
The price of this Token has had a real “roller coaster” : it peaked at $272 this morning , then plummeted to $214 , causing both Longing and Short sides to “burn their accounts” in the blink of an eye.
Analysts believe that GIGGLE's extreme volatility over the past 24 hours reflects extremely strong speculative money flows , and market sentiment is being dominated by a short-term FOMO effect after the Token 's impressive chain in recent days.
⚡ SOON – Up 107% in just 2 hours, liquidated over $12.5 million
Not to be outdone, the SOON Token also recorded $12.51 million in liquidations in the same time frame, including $4.37 million in Longing and $8.14 million in Short .
According to data from HTX , SOON is currently trading at $1.45 , up 107% in just 2 hours .
The K-line chart shows many consecutive long candlesticks , showing extremely strong fluctuations and large trading pressure from both buyers and sellers .
Some traders have likened the volatility to “ margin gambling ,” as a spike in liquidations can cause short-term money to leave quickly , creating a domino effect on Derivative exchanges.
Crypto market is entering “high emotional” zone
Both SOON and GIGGLE are becoming the center of attention on liquidation tracking platforms and social media.
Data from Mars Finance shows that, in a context where many altcoins are moving sideways, Token with low liquidation but high volatility are attracting a large number of short-term speculators — a warning sign of risk for the entire market .
Experts recommend that investors should maintain discipline and avoid FOMO , especially during periods of strong market fluctuations and frequent liquidations like today.
