FARTCOIN briefly fell below $0.29, becoming the top long position liquidation across the entire network in the past hour.

According to ME News, on December 18th (UTC+8), GMGN monitoring showed that the Meme coin FARTCOIN on the Solana chain briefly declined by approximately 8.4%, hitting a low of $0.28, and is currently trading at $0.29. Furthermore, according to HyperInsight monitoring, approximately 38% of FARTCOIN liquidations occurred on Hyperliquid, with the largest short whale(0x7fd) continuously closing positions in the past hour. Its current holdings are approximately $7.79 million, with a floating profit of $1.75 million (226%), and a liquidation price of $0.297, only about 2.3% away from liquidation. Arkham monitoring also suggests that this address likely belongs to web3 asset management company Fasanara Capital, which has managed over $3.5 billion in assets and has a team dedicated to crypto asset arbitrage trading and lending. (Source: ME)