In brief Meme coins are jumping higher after a one-day crypto market downturn. DOGE is leading the category higher, with other top memes like PEPE and SHIB up significantly as well. The official presidential tokens, MELANIA and TRUMP, lead Solana memes following the Pump.fun token launch. Meme coins are once more rising, led by Dogecoin (DOGE), which has climbed 6.7% in the last 24 hours and now more than 18% on the week to $0.20. But other major meme coins have posted much larger gains on the day.
Dogecoin, which ranks 8th among all cryptocurrencies by market capitalization, ranks second in the category with more than $5.7 billion in 24 hour trading volume, trailing only the Ethereum-based Pepe (PEPE) in that metric.
President Donald Trump and First Lady Melania Trump’s official meme coins have gained 10.3% and 32.5% in the last day, respectively. TRUMP and MELANIA are outpacing Dogecoin and the category as a whole, which is up 6.8% in the same timeframe, according to CoinGecko.
The Solana-based tokens lead a growing list of meme coins jumping higher after the launch of PUMP, the official token of the popular Solana meme coin launchpad, Pump.fun. After hosting its initial coin offering (ICO) on Saturday and raising $600 million, PUMP became eligible for trading on Monday and quickly exploded to nearly a $2 billion market cap.
It has since risen even more, jumping nearly 12% in the last 24 hours to a $2.2 billion market cap. That’s enough to rank it #57 among crypto tokens by market capitalization, according to CoinGecko.
The success of PUMP has pulled up other tokens from the Solana trenches as well, including tokens launched on Pump.fun like Unicorn Fart Dust (UFD), Michi (MICHI) and Just a Chill Guy (CHILLGUY)—all of which have jumped more than 10% over the last 24 hours.
BONK too is up 20% in the last 24 hours, adding to the Solana meme coin’s successful month of gains—which now stand at more than 69% as its own token launchpad, a new rival of Pump.fun, continues to gain steam.
And while Solana has been the home to much of the meme coin success over the last year, the rise in ETH’s price has been a boon for Ethereum-based memes as well.
Shiba Inu (SHIB) and Pepe (PEPE), the top two meme coins on the Ethereum blockchain, have jumped 7.9% and 11% respectively in the last 24 hours—only outdone by SPX6900 (SPX), the meme token attempting to flip the market cap of the S&P 500.
The token has jumped nearly 25% in the last 24 hours, setting a new all-time high price of $1.89. However, at a market cap shy of $1.9 billion, it remains well shy of the combined $52.56 trillion market cap of the S&P 500 companies.
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Onchain analytics platform Bubblemaps has published a detailed investigation suggesting that crypto figure Hayden Davis (also known as Kelsier) may have been behind a coordinated snipe of the newly launched $YZY token, allegedly generating $12 million in profits in this Kanye coin scandal.
In brief Bubblemaps alleges Hayden Davis (Kelsier) sniped $YZY through 14 linked wallets, generating $12M in profits. The wallets were funded just before launch, reportedly tied to $57M in unfrozen USDC from the LIBRA collapse. This follows a pattern, as Bubblemaps previously linked Davis to MELANIA and LIBRA token launches. Bubblemaps’ findings on Kanye’s coin In a thread shared on X, Bubblemaps outlined how a cluster of wallets tied to Davis became active immediately before the $YZY launch. The firm claims the addresses were funded from centralized exchanges the day prior, then funneled through CCTP transfers and other shared deposits that ultimately link back to Davis.
According to Bubblemaps’ visualizations, 14 wallets sniped $YZY within one minute of its launch announcement. Collectively, these wallets realized $12 million in profits.
Bubblemaps stressed it cannot confirm whether Davis had insider information or a direct connection to the YZY team, but said the onchain evidence strongly indicates preparation ahead of the launch.
Unfrozen funds raise questions around Hayden Davis The report also highlights the timing of events. Just a day before $YZY went live, a U.S. judge unfroze $57 million in USDC tied to Davis from the collapsed LIBRA project. Bubblemaps described the coincidence as suspicious, alleging that the newly unlocked funds could have been used to fuel the $YZY trades.
Not Davis’ first rodeo This is not the first time Bubblemaps has tied Davis to controversial launches. The analytics firm has previously linked him to MELANIA and LIBRA, two short-lived tokens that collapsed after initial hype. In its latest report, Bubblemaps concluded that Davis’ alleged involvement in $YZY fits the same pattern: rapid funding, aggressive sniping, and outsized profits. For now, Davis has not publicly responded to the allegations, and the $YZY team has remained silent.
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Gijs O.
I've been passionate about crypto for nearly a decade, ever since I was young and first became curious about investing. That early spark led me to years of research, writing, and exploring the future of decentralized tech.
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At the Trumps, crypto is no longer a hobby, it’s almost a totem. Donald has his memecoin. Melania Trump too, with her MELANIA token. And the sons? They invest between Bitcoin, Ethereum and NFTs. In this dynasty where buzz is a second nature, digital technology is now part of the heritage. Latest twist: Melania Trump returns to the spotlight… with an AI-generated video to relaunch a project that has nevertheless plummeted 98% since January.
In brief Melania Trump relaunched her memecoin after ten months of total silence on social media. The team reportedly sold 30 million community tokens without providing a clear explanation. The MELANIA token has lost 98% of its value since its launch last January. 92% of the total supply is concentrated in wallets linked to the project team. Radio silence and 30 million less: Melania Trump plays the AI card Ten months without a word. Then a tweet. A video generated by artificial intelligence. That’s how Melania Trump revived the MELANIA memecoin, lost in the depths of the crypto market. Posted on October 1st on X, the sequence shows her emerging from the digital void, with a cryptic promise: “Into the Future.”
Result? The token gains 12%, reaching $0.19, before plunging again the next minute.
But behind the futuristic aesthetics hides a much less flattering reality. In April, the team behind the project quietly moved $30 million worth of tokens from community wallets. No justification was given. The company MKT World LLC, supposed to lead the initiative, remains silent. Meanwhile, Bubblemaps does not give up.
In a scathing tweet, the platform denounces: ” Melania Trump does not respond to the 10 million community tokens sold by team wallets. Just an AI video after 10 months of silence“.
The presidential memecoin: between lightning crash and organized suspicions Launched in January 2025, MELANIA had everything to cause a sensation. A powerful name, a launch orchestrated 48 hours after that of the TRUMP memecoin, and a meteoric rise to $13.73 per unit. But in a few days, the price collapsed under profit-taking and questionable strategies.
Bubblemaps’ analyses are damning. Barely two minutes before the official announcement, 24 wallets acquired 33% of the total supply. An operation that looks more like a trap than a fair launch. Then, between April and June, 82 million tokens were sold through 44 different wallets. Estimated value: over $35 million. All spread across Solana, Arbitrum, and Avalanche.
At the controls of this mess: Hayden Davis. This name is not unknown. Already involved in the LIBRA scandal, where $4 billion vanished in two days. Davis returned to his old habits: liquidity manipulation, fragmented sales, market siphoning before the crash. Meanwhile, Melania Trump maintains her silence. A well-oiled strategy.
Between red numbers and crypto hype: the double life of MELANIA Melania Trump’s memecoin is a textbook case: it combines glamour, opacity, and well-crafted manipulation. To understand it clearly, nothing beats some precise figures.
The 5 numbers that speak volumes 98% loss since the historical peak in January ($13.73 → $0.18 today); $30 million moved without communication by the team, according to Bubblemaps; 12% increase on the day Melania returned to X, followed by an immediate relapse; 92% of the total supply controlled by internal wallets, according to on-chain data; 24 wallets bought a third of the supply, 150 seconds before the public announcement. Beyond the numbers, MELANIA has become a showcase of crypto abuses: orchestrated hype, hidden internal sales, then founders’ disappearance. Yet, the token continues to attract attention. Why? Because the name “Trump” is still enough to capture the spotlight. Even if behind the AI smoke screen, it’s the insiders’ code that rules. And in this game, small investors often foot the bill.
At 19, Barron Trump is already a multimillionaire. Thanks to crypto, which he adopted very early. His brothers followed, also sensing the potential of these digital assets. In this family, decentralized finance has become a battlefield as strategic as politics. And every token launched is a bet on the future… or on oblivion.
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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
The team wallet moved 30 million MELANIA meme coins in April. Questions about silent sale resurfaced after Melania Trump shared X post published by the meme coin’s page. MELANIA is down by 90.89% since January 2025. MELANIA meme coin has lost over 90% of its value since January 2025. The decline is largely credited to the activity that was flagged a couple of weeks ago. Questions around significant sales by team wallet are starting to pick up pace once again. While the token has indeed gained value in recent hours, it remains to be seen if the Solana-based cryptocurrency ever sees upticks.
MELANIA Meme Coin Continues on a Lower Call The decline of the MELANIA token technically commenced in February 2025, when it noted a steep decline from $3.7946 to $1.9332. But, it was only in April 2025 that the meme coin, co-created by Hayden Davis, came under fire.
It was reported by Bubblemaps that funds worth approximately $30 million were moved from community funds. The report added that they were being silently sold, and the team did not offer any explanation to the community. That made up for almost 50 million MELANIA meme tokens at that moment.
Lookonchain also reported around that time that the team had employed DCA strategy to sell the token. It is estimated that more than 3.1 million tokens were sold under the DCA strategy within 3 days. The incident, even though weeks old, resurfaced when the official X account of MELANIA token posted a video with the caption, Into the future.
MELANIA price continues to play a downtrend since the time the original report broke out. The recent X post, shared by Melania Trump on her profile, has reignited discussions around it.
Ongoing MELANIA Price MELANIA meme coin is currently down by 90.89% since January 2025, and is exchanging hands at $0.1818. The 24-hour trading volume has also plummeted by 27.42% to hover around $7.16 million. However, MELANIA price has soared by 11.48% over the past 7 days. It last achieved an ATH of $13.73 on January 20, 2025. The meme coin is now down by 98.67% from its all-time high milestone.
The MELANIA price is now testing crucial levels of $0.189148 and $0.173347, as its resistance and support margins, respectively. Notably, the all-time low value of MELANIA is $0.1598, and the meme coin is only 14.22% above that mark.
MELANIA Price Corrections Expected Short-term estimates underline that MELANIA token may undergo a correction of 25.07% in the next 30 days. That would take the value to around $0.137997. Price prediction also underlines that the next 5 days could see a decline of 23.19% to $0.141451. Overall sentiments are bearish amid the volatility of 7.53%, and the FGI rating of 63 points.
The majority of the Oscillators are neutral. That said, it is important to note that the contents of this article are neither recommendations nor advice for crypto trading. Do thorough research and risk assessment before engagement.
Highlighted Crypto News Today:
42% Bloodbath for MYX Finance (MYX): Is the Worst Behind or Yet to Come?
Curious by nature, Ankur's core topic is Web3, but he's a versatile writer who can cover many more subjects. If you catch up with him in his free time, you'll find discussions often center around different movies and TV series. He's an easy person to talk to—you can literally chat with him about anything.
Former New York City Mayor Eric Adams launched a NYC meme coin on Monday, which surged to a $580 million market cap before crashing 81% to $110 million as a wallet linked to the deployer pulled $2.5 million in liquidity at the peak.
NYC Token Hits $580M Then Collapses In MinutesThe token rocketed from launch to a $580 million market cap within minutes before plummeting 81% as nearly $500 million in value evaporated.
Analytics firm Bubblemaps identified suspicious activity by wallet 9Ty4M, which created one-sided liquidity pools on Meteora.
The wallet removed approximately $2.5 million in USDC at the peak, then added back $1.5 million after a 60% drop with no explanation for the liquidity moves.
Moreover, one trader lost $473,500 (a 63.5% loss) in under 20 minutes as panic selling hit the token.
Blockchain data shows the wallet linked to the token deployer pulled $3.18 million USDC from the liquidity pool right as price peaked.
Adams Calls It A ‘Commemorative Asset’ For Social CausesAdams said during the Fox Business interview that “a substantial amount of the money raised” would go to nonprofits, historically black universities, and scholarships for New York City students from underserved communities.
He’s not currently taking a salary but said that decision could change later.
The token has a maximum supply of 1 billion coins, with 80 million available at launch expanding to 300 million in circulation.
The official website describes NYC Token as representing “the spirit of New York City—innovation, diversity, and the drive to succeed.”
However, critical details like project partners and a whitepaper are missing from the website, prompting questions about transparency.
Pattern Matches Argentine President’s Failed LIBRA TokenThe collapse echoes last year’s LIBRA token promoted by Argentine President Javier Milei, which crashed after similar liquidity manipulation and led to fraud and racketeering class-action lawsuits.
Bubblemaps said the liquidity manipulation closely mirrors the LIBRA launch, when actors also heavily manipulated liquidity.
The pattern of politician-backed memecoins launching with fanfare then immediately collapsing is becoming a concerning trend.
He hosted NYC’s inaugural Crypto Summit last year and established the Office of Digital Assets and Blockchain Technology, vowing to make New York “the crypto capital of the globe.”
Political Memecoins Face Growing ScrutinySenator Adam Schiff (D-CA) is among lawmakers calling for ethics rules preventing public officials from profiting on crypto ties as a market structure bill approaches Thursday’s markup vote.
These tokens raise concerns because they can be used to corrupt elected officials.
A federal judge dismissed Adams' corruption charges in April at the Department of Justice's request under President Trump.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
The Trump family’s entry into the crypto industry has become a cautionary event for retail investors. Specifically, both Melania Meme ($MELANIA) and Official Trump ($TRUMP) tokens have gone through extreme dips since their launch. As per the data from CryptoRank, $MELANIA and $TRUMP tokens have plummeted to $0.123 and $3.66. Majorly, the retail investors have absorbed the losses during the crash, while the insiders have potentially gone away with gains.
Trump Memecoins: How Insiders Pocketed Millions While Retail Investors Lost Billions
The official $TRUMP and $MELANIA tokens have collapsed 92% and 99% from their all-time highs, respectively, and the damage to retail investors has been staggering. While insiders cashed out over… pic.twitter.com/qyWswzRgFv
— CryptoRank.io (@CryptoRank_io) February 20, 2026 $MELANIA and $TRUMP Tokens Collapse, Retail Losses While Insiders Gain Based on the market data, Melania Meme ($MELANIA) and Official Trump ($TRUMP) tokens have dropped by 98.8% and 91.8%. These staggering price plunges have struck the retail investors with significant losses. As a result of this, the $MELANIA’s price has hit $0.123, and $TRUMP now accounts for $3.66 in price while insiders have reportedly made notable profits by dumping their holdings.
The disparity existing between retail losses and insider gains is stark. In this respect, insiders collected more than $600M via token sales and fees. On the other hand, the ordinary investors experienced losses at a huge 20-to-1 ratio. So, the retail investors lost $20 for every dollar earned by insiders. This pushed the cumulative retail losses above the $4.3B mark.
At the moment, almost 2M wallets are still in the negative zone, suggesting a catastrophic effect on small-scale investors, those who purchased into the massive hype of $MELANIA and $TRUMP tokens. Fueling this controversy, only forty-five whale wallets remained successful in extracting a total $1.2B. This underscores the wealth concentration among a few wallets. Moreover, there is a speculation of a potential continuation of this sell-off because $2.7B in terms of insider holdings will remain locked until the year 2028.
Further Sell-Off Threat Looms as Billions Stay Locked in Insider Token Holdings According to CryptoRank, $TRUMP witnessed a sheer initial drop, leading to an extended halt at considerably low price levels. Additionally, the trajectory of $MELANIA has also become cautious. The respective performance patterns indicate caution over the plunging investor confidence as well as the wider skepticism in the case of celebrity-led memecoins. Overall, with billions locked in diverse insider wallets, there is a noteworthy threat of more sell-offs.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
The top global crypto exchange airdropped Animecoin (ANIME) to qualified users this week and then listed the asset for trading.
[adinserter block="1"]
Animecoin is the sixth project launched via Binance’s HODler Airdrops program, which rewards BNB holders with tokens based on historical snapshots of their balances.
Animecoin bills itself as a way for fans to own a piece of the anime industry.
“ANIME is a true Culture Coin – a movement that transforms the anime fandom of 1 billion fans into a community-owned network of creativity. Where passion becomes power, cultural energy becomes real value, and the boundaries between consumer and creator dissolve.
Backed by Azuki, we’re building a creative economy for the global anime community of one billion fans. A space where fans truly own what they create, where creativity and innovation flow freely.”
ANIME is trading at $0.0817 at time of writing. The 202nd-ranked crypto asset by market cap plunged by nearly 45% on its first day of trading on Thursday, according to CoinGecko.
Binance attached a seed tag to Animecoin. The exchange applies seed tags to lower-liquidity projects that could exhibit higher volatility compared to other listed tokens, and it requires users who want to trade assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks.
Bullish ANIME price prediction for 2025 is $0.02020 to $0.03451. Animecoin (ANIME) price might reach $0.1 soon. Bearish ANIME price prediction for 2025 is $0.00763. In this Animecoin (ANIME) price prediction 2025, 2026-2030, we will analyze the price patterns of ANIME by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS
INTRODUCTION
Animecoin (ANIME) Current Market StatusWhat is Animecoin (ANIME)?Animecoin (ANIME) 24H TechnicalsAnimecoin (ANIME) PRICE PREDICTION 2025
Animecoin (ANIME) Support and Resistance LevelsAnimecoin (ANIME) Price Prediction 2025 — RVOL, MA & RSIAnimecoin (ANIME) Price Prediction 2025 — ADX, RVIComparison of ANIME with BTC, ETHAnimecoin (ANIME) PRICE PREDICTION 2026, 2027-2030CONCLUSIONFAQ Animecoin (ANIME) Current Market Status Current Price $0.009318 24 – Hour Price Change 7.6% Down 24 – Hour Trading Volume $20.68M Market Cap $51.82M Circulating Supply 5.53B ANIME All – Time High $0.1861 (On Jan 25, 2025) All – Time Low $0.006175 (On Oct 11, 2025) ANIME Current Market Status (Source: CoinMarketCap) What is Animecoin (ANIME) TICKERANIMEBLOCKCHAINArbitrum CATEGORYNFT project LAUNCHED ONJanuary 2025 UTILITIESGovernance, Community Development, User Accessibility Animecoin (ANIME) is the official cryptocurrency of the famed NFT project, Azuki. The altcoin, after being under development from 2022, launched in January 2025. Since its launch, it has garnered attention from the community members. Animecoin functions as a governance token within the Azuki ecosystem. This project is an integration of blockchain and NFT into the famed Japanese art form Anime and Manga.
Moreover, Animecoin saw huge interest from exchanges, even prior to its launch. The OKX exchange initiated ANIME mining before the token’s official debut. Following the cryptocurrency’s debut, in the past day Azuki also unveiled a new platform – Anime.com for Anime lovers.
Anime 24H Technicals (Source: TradingView)
Animecoin (ANIME) ranks 491st on CoinMarketCap in terms of its market capitalization. The overview of the Animecoin price prediction for 2025 is explained below with a daily time frame.
In the above chart, Animecoin (ANIME) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. Higher prices often follow the descending channel pattern. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
A trader could make a selling bet within a descending channel when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
At the time of analysis, the price of Animecoin (ANIME) was recorded at $0.009318. If the pattern trend continues, then the price of ANIME might reach the resistance levels of $0.02046 and $0.03046. If the trend reverses, then the price of ANIME may fall to the support of $0.01580 and $0.01235.
Animecoin (ANIME) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Animecoin (ANIME) in 2025.
ANIME/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as the resistance and support levels of Animecoin (ANIME) for 2025.
Animecoin (ANIME) Price Prediction 2025 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Animecoin (ANIME) are shown in the chart below.
ANIME/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Animecoin (ANIME) market in 2025.
INDICATORPURPOSEREADINGINFERENCE50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $0.01466Price = $0.01803
(50MA < Price)Bullish/UptrendRelative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions62.29940
<30 = Oversold
50-70 = Neutral>70 = OverboughtNeutral Relative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak Volume Animecoin (ANIME) Price Prediction 2025 — ADX, RVI In the below chart, we analyze the strength and volatility of Animecoin (ANIME) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
ANIME/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Animecoin (ANIME).
INDICATORPURPOSEREADINGINFERENCEAverage Directional Index (ADX)Strength of the trend momentum40.94320Strong TrendRelative Volatility Index (RVI)Volatility over a specific period57.97
<50 = Low
>50 = HighHigh Volatility Comparison of ANIME with BTC, ETH Let us now compare the price movements of Animecoin (ANIME) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs ANIME Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of ANIME is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of ANIME also increases or decreases, respectively.
Animecoin (ANIME) Price Prediction 2025, 2026 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Animecoin (ANIME) in 2026, 2027, 2028, 2029, and 2030.
Year Bullish Price Bearish PriceAnimecoin (ANIME) Price Prediction 2026$0.4$0.007Animecoin (ANIME) Price Prediction 2027$0.6$0.006Animecoin (ANIME) Price Prediction 2028$0.8$0.005Animecoin (ANIME) Price Prediction 2029$1$0.004Animecoin (ANIME) Price Prediction 2030$1.2$0.003 Conclusion If Animecoin (ANIME) establishes itself as a good investment in 2025, this year will favor the cryptocurrency. In conclusion, the bullish Animecoin (ANIME) price prediction for 2025 is $0.03451. Comparatively, the bearish Animecoin (ANIME) price prediction for 2025 is $0.00763.
If there is a positive elevation in the market momentum and investors’ sentiment, then Animecoin (ANIME) might hit $0.1. Furthermore, with future upgrades and advancements in the Azuki ecosystem, ANIME might surpass its current all-time high (ATH) of $0.1861 and mark its new ATH.
FAQ 1. What is Animecoin (ANIME)? Animecoin (ANIME) is the official cryptocurrency of the famed NFT collection and Anime platform, Azuki. It was launched to promote global access to Anime and Manga.
2. Where can you buy Animecoin (ANIME)? Animecoin (ANIME) has been listed on many crypto exchanges which include Bybit, KuCoin, OKX, Gate.io, Binance, CoinW, and LBank
3. Will Animecoin (ANIME) record a new ATH soon? With the ongoing developments and upgrades within the Azuki platform, Animecoin (ANIME) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Animecoin (ANIME)? Animecoin (ANIME) hit its current all-time high (ATH) of $0.1861 on Jan 25, 2025.
5. What is the lowest price of Animecoin (ANIME)? According to CoinMarketCap, ANIME hit its all-time low (ATL) of $0.006175 on October 11, 2025.
6. Will Animecoin (ANIME) hit $0.1? If Animecoin (ANIME) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.1 soon.
7. What will be the Animecoin (ANIME) price by 2026? Animecoin (ANIME) price might reach $0.4 by 2026.
8. What will be the Animecoin (ANIME) price by 2027? Animecoin (ANIME) price might reach $0.6 by 2027.
9. What will be the Animecoin (ANIME) price by 2028? Animecoin (ANIME) price might reach $0.8 by 2028.
10. What will be the Animecoin (ANIME) price by 2029? Animecoin (ANIME) price might reach $1 by 2029.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
ANIME, the native token of the Animecoin Foundation, surged 12% after the major South Korean exchange Bithumb announced its listing of the meme coin.
Animecoin (ANIME) rose to an intraday high of $0.0502 on Jan. 31, marking a 15% surge from its weekly low of $0.0437 as of press time. The altcoin market cap was seated at $278 million while its daily trading volume was up 40%, hovering around $153 million.
The Azuki-backed meme coin rallied after Bithumb, a major South Korea-based crypto exchange, announced the addition of a KRW trading pair for the ANIME token on Jan. 31, alongside the VTHO token at 7 PM KST. The token will be available on the Arbitrum network.
Buy orders for ANIME will be restricted for approximately five minutes after trading begins. During this period, sell orders will be limited to prices within -10% to +100% of the base price. Automated orders can be placed only after the first trade has been executed following the start of trading.
According to the announcement, the base price for the Animecoin token is expected to be approximately $66.11 once trading officially begins.
An ANIME/KRW trading pair will enable direct trading between the ANIME token and the South Korean won.
On Jan. 23, Upbit, South Korea’s largest cryptocurrency exchange by trading volume, listed three ANIME trading pairs, including ANIME/KRW, ANIME/BTC, and ANIME/USDT. Animecoin has also been listed on other major crypto exchanges, including Binance, Bybit, and OKX.
500 million ANIME was airdropped to BNB holders subscribed to BNB Simple Earn products. Since its launch on centralized exchanges, the token has steadily dropped and is down over 72% from its all-time high of $0.1861, which was reached on Jan. 23.
Listings on prominent exchanges like Upbit or Bithumb often trigger significant price rallies; the current rally could extend once trading is live. However, for newly launched tokens like ANIME, the effect can be adverse, as traders often rush to sell the holdings acquired during token generation events.
What is ANIME coin? ANIME, a meme coin, was launched as the “culture coin of the anime industry” but is expected to find utility as a governance token for Animechain, an upcoming Arbitrum Orbit Layer-3 being developed by the Animecoin Foundation, which also developed ANIME.
Animechain is slated for launch in the first quarter of 2025 and could significantly affect the price trajectory for ANIME by enhancing its utility.
Animecoin has shown a significant price increase of 27.46% in the last 24 hours. The altcoin began to show recovery over the past week after significant bearish movements last month. Over the past few hours, the crypto market has begun to show mild recovery signs after a bearish lean in the last 24 hours. Bitcoin is progressing slowly towards its $86K resistance, raising speculations amid investors for a potential resurfacing above $88,000. Meanwhile, global tariff discussions have been reinitiated over the past few days.
Notably, within the altcoin sector, significant members like Ethereum and Solana have begun to show upward movements, after weeks of dormancy. One other altcoin that showed significant growth is Animecoin. The digital asset shows a 27.46% surge in its daily price chart, thus catching market attention.
In the evening hours of April 14, the altcoin was trading at a low of $0.01581. However, as bullish candles sparked, it has risen to current trading levels at the $0.020 level. With prices increasing exponentially, at the time of writing, ANIME was trading at $0.02006 as per CMC data.
Zooming out onto its weekly price chart, Animecoin shows a significant 54.32% increase. This increase is mostly concentrated on the past day’s significant surge, although there were modest upward movements throughout the week.
Will Animecoin Hit $0.01 Soon? On analyzing the altcoin’s technical indicators its Moving Average Convergence Divergence (MACD) signal line stands way above the MACD line. This indicates the existence of an overall bearish trend. However, the RSI value stands at a high of 71.80 as per TradingView data.
This suggests that Animecoin is holding a positive market sentiment, from its existence in the oversold zone. If the digital asset manages to maintain its positive momentum in the coming days, then it can be expected to reestablish a bullish trend.
In such a case ANIME might face resistance at $0.02919 and $0.04128. Meanwhile another altcoin, Kaspa, has shown similar price movements in the last 24 hours.
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A passionate writer who is exploring the world of crypto. In my spare time I write poetry and read novels.
Animecoin surges 5.08% in 24 hours with intraday gains and higher lows, supported by a 44.92% surge in trading volume. MACD crossover and positive histogram signal strong buying momentum, while RSI above 70 suggests overbought conditions. Animecoin, a cryptocurrency set for the manga, has reported a positive action in recent sessions. ANIME offers a channel for fans to interact, and support their best characters. Additionally, it mixes crypto and anime, planning to make a decentralized place where fans can interact.
Tracking the trend, ANIME opened its day with a price of $0.03405 during the Asian trading session. During its market performance, the cryptocurrency reported a low of $0.03233 and a high of $0.03467 before a slight decline to its current levels.
A deeper view of its performance as of press time by CoinMarketCap data indicates that Animecoin (ANIME) trades at $0.03407, showing a 5.08% increase over the last 24 hours. Its market capitalization reached $188.75 million, rising at the same 5.08% daily growth rate as the 24-hour trading volume surged 44.92%, totaling $179.06 million during this period.
The volume-to-market-cap ratio hit 96.03%, indicating high trading activity compared to total value as the price chart showed intraday fluctuations, ranging from a low of $0.03273 to above $0.0345. Despite brief declines, the price trend ended upward, reflecting positive momentum across the observed time frame.
ANIME Technical Analysis: MACD and RSI Indicators After a prolonged consolidation, Animecoin has started to invite bulls in its price trend. A 4H TradingView chart indicates that the MACD indicator shows bullish momentum with the MACD line at 0.00221 above the signal line at 0.00181.This crossover suggests increasing buying pressure as the histogram turns positive.
However, the RSI (14) is currently at 71.95, placing Animecoin in the overbought zone, above the 70 threshold. This level indicates strong buying interest but also a potential for short-term correction or consolidation.
The recent price action shows steady upward movement, with higher lows forming since late May. A continued RSI above 70 may lead to temporary pullbacks before potential continuation. MACD and RSI together indicate bullish sentiment, though the overbought status warrants caution. Traders may anticipate short-term volatility while the broader trend remains upward if momentum sustains.
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PANews reported on August 13 that Nasdaq-listed media and entertainment company GameSquare (stock code GAME) announced a strategic cooperation agreement with the Animecoin Foundation, which will purchase $2.5 million worth of Animecoin ($ANIME) within one year and become the designated agent of Animecoin.
This partnership aims to expand GameSquare's Web3 footprint, add high-potential digital assets to its crypto treasury, and boost Animecoin's influence in the global gaming and anime markets. GameSquare will also collaborate with Azuki on physical and digital products and showcase the Animecoin brand through FaZe Esports.
PANews reported on August 28th that according to Opensea's official announcement, Azuki founder Zagabond shared the original intentions of the Azuki project and its future development direction in an interview. Zagabond stated that Azuki aims to introduce tokenization into mainstream culture through storytelling and character IP, while also promoting user-generated content through the "Garden" community.
Zagabond also outlined the vision for Animecoin, a token designed to reward long-term supporters of anime culture and independent creators, while fostering an open anime universe. He also revealed that Azuki is developing the Anime.com platform to foster interaction among anime fans. Azuki recently released a starter set for its trading card game, which has received positive market feedback, and the team plans to further expand the series. Furthermore, Azuki is preparing a major new project, expected to launch later this year.
Regarding the future of the NFT industry, Zagabond believes that its evolution direction lies in practicality rather than price fluctuations, emphasizing the potential of NFT as a tool for creative expression and construction.
Earlier news, Azuki cooperated with OpenSea to release Mizuki short films as ERC-1155 collectibles .
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
The meme coin market might enjoy the coming week, owing to Christmas, which could see a surge in memes. This, in turn, could see an increase in not just joke tokens but also their value.
BeInCrypto has already identified three such meme coins that could enjoy gains this Christmas.
Animecoin (ANIME)ANIME has gained 62% over the past seven days, trading near $0.0083 at the time of writing. The meme coin is testing the $0.0084 resistance after briefly spiking to $0.0092 intraday. Strong short-term momentum reflects rising investor interest and increased speculative activity.
Technical indicators support further upside. The Parabolic SAR confirms an active uptrend, signaling buyer control. If demand remains steady, ANIME could break above $0.0084 and $0.0092.
A sustained rally may target the $0.0100 level, extending gains under favorable market conditions.
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ANIME Price Analysis. Source: TradingViewDownside risk persists if momentum weakens. Failure to sustain buying pressure could trigger profit-taking. In that case, ANIME may retrace toward the $0.0069 support.
A move to this level would invalidate the bullish thesis and signal a return to consolidation or corrective price action.
BAN has climbed 31.4% over the past week, trading near $0.090 at the time of writing. Strong investor interest is driving momentum as the meme coin approaches the $0.100 psychological level. The rally reflects improving sentiment and increasing participation from short-term traders.
Technical signals support the bullish case. Exponential moving averages show a developing golden cross, with the 50-day EMA crossing above the 200-day EMA. This pattern often precedes trend continuation and could help BAN break $0.093 and advance toward the $0.100 target.
BAN Price Analysis. Source: TradingViewProfit-taking remains a key risk. Holiday-driven selling could interrupt the rally as investors secure gains. If selling pressure increases, BAN may struggle to sustain momentum. A pullback could send the price toward the $0.079 support, delaying further upside progress.
Fartcoin (FARTCOIN)FARTCOIN has gained 24% over the past three days, ranking among the week’s strongest performers. Trading near $0.303, the meme coin is attempting to recover losses recorded earlier this month. Renewed momentum reflects improving short-term sentiment and increased speculative interest across the meme coin segment.
FARTCOIN benefits from a positive correlation with Bitcoin, which can amplify upside during BTC stabilization or rebounds. If this relationship holds, price could advance toward $0.320. Continued strength may open a move toward $0.358, the next major resistance level watched by traders.
FARTCOIN Price Analysis. Source: TradingViewThe correlation also introduces downside risk. A Bitcoin pullback could quickly reverse gains. In that scenario, FARTCOIN may fall below $0.280. Further weakness could drive price toward $0.244, invalidating the bullish thesis and restoring broader downside pressure.
Top Whale Watch: "BTC OG Insider Whale" Sees $27M Paper Profit, "Strategy Bear Whale" Adds $18M to ETH Short Position 2026.01.07 10:54:39
**January 7th Update** Per the Coinbob Popular Address Monitor, market recovery has boosted the "BTC OG Insider Whale’s" unrealized profits to $27 million. Meanwhile, the "Strategy Counterparty" has expanded its ETH short position to $79.5 million. Most whales held positions steady or made minor adjustments; key details below: ### BTC OG Insider Whale Total unrealized profits hit $27.06 million. Its core holding is an ETH long position (16% profit) worth ~$660 million at an average entry of $3,147 (unrealized gain: $21.33 million). It also holds profitable BTC and SOL long positions. Total account holdings sit at ~$825 million, making it the top ETH, BTC, and SOL long holder on Hyperliquid. ### CZ Counterparty Current ETH long position has $3.5 million in unrealized profits (~$185 million holding, avg $3,190). It also holds an XRP long position (~$87.95 million) with $1.05 million in unrealized losses. It’s the largest XRP long holder and second-largest ETH long holder on Hyperliquid; weekly profits hit $30.61 million, with no recent position changes. ### ZEC Largest Short Closed ~$1.6 million in MON short positions overnight/this morning; current MON short holding sits at ~$8.07 million (avg $0.028, $20k unrealized loss). Its ETH short position has flipped from profit to loss (~$149 million holding, avg $3,239). Total short holdings: ~$182 million, with $13.85 million in weekly losses. It’s the top short holder for ETH, ZEC, and MON on the platform. ### Shanzhai Air Force Leader Opened a ~$340k BTC short position. Recently added to holdings of PUMP/MET, plus short positions on Solana-chain meme coins PEPE and Fartcoin—total related short size now ~$6 million. It remains the largest LIT short holder on Hyperliquid (~$14.17 million, avg $2.7, $1.65 million unrealized loss). ### pension-usdt.eth Launched a 3x-leveraged ETH short position with $2.31 million in unrealized losses. Current holding: ~$65 million (avg $3,136, liquidation price: $4,547). ### Strategy Opponent Position Added ~$18 million to its ETH short position yesterday through today, bringing total holding to ~$79.5 million (avg $3,145, $2.55 million unrealized loss). It’s also the largest BTC short whale on Hyperliquid (~$139 million, avg $91,300).
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Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
A high-conviction trader deployed a $7.76 million 10x long on Fartcoin near range lows, signaling confidence as price compresses after months of downside exhaustion.
Price had already completed a prolonged downtrend and shifted into sideways consolidation. Instead of chasing strength, the trader positioned into compression.
This reflects a structural bet rather than momentum chasing. Moreover, the leverage choice amplifies intent while increasing exposure risk.
However, whales rarely commit size without favorable risk-reward conditions. They often act when downside pressure fades.
Fartcoin price coils tightly after the downtrend ends Fartcoin [FARTCOIN] continued trading inside a well-defined range after completing its broader downtrend.
Price stalled repeatedly below $0.47, which stood as the nearest resistance. That level capped multiple recovery attempts.
Above it, $0.74 emerged as secondary resistance, aligning with former support that flipped into supply.
Further overhead, $0.96–$0.98 marked another rejection zone, followed by the macro ceiling at $1.20.
On the downside, range lows continued attracting buyers, consistently absorbing sell pressure.
Meanwhile, the MACD flattened near the zero line, with shallow positive histogram bars and a gradual upward curl.
That structure reflected fading bearish momentum rather than aggressive upside, suggesting stabilization beneath the price.
Source: TradingView Open Interest rises as price stays flat Open Interest climbed 6.18% to $265.53 million while Fartcoin’s price remained range-bound.
That divergence signaled fresh leverage entering without immediate price expansion. Traders positioned in anticipation, not reaction.
Rising Open Interest during consolidation often preceded volatility expansion. However, the leverage introduced fragility.
If support held, leverage-fueled upside continuation. If it failed, leverage accelerated downside.
Still, the price absorbed added exposure calmly. That behavior reduced immediate breakdown risk. For now, Open Interest supported consolidation rather than instability.
Source: CoinGlass Top traders lean heavily bullish Binance data showed 67.99% of top trader positions skewed long, pushing the Long/Short Ratio to 2.12.
That reflected a strong directional bias, rarely formed without conviction. Even so, crowded sentiment increased vulnerability. Failed breakouts punished longs quickly.
Here, bullish positioning aligned with basing price action and rising Open Interest. That confluence strengthened the upside case.
Still, range lows required defense. Otherwise, conviction turned into liquidation fuel.
Source: CoinGlass Fartcoin liquidations stay contained despite leverage Liquidation data pointed to stability rather than stress across FARTCOIN Derivatives.
Total liquidations stood near $66,000, with short liquidations around $55,190 outweighing long liquidations near $11,060.
That imbalance mattered. Shorts absorbed pressure without triggering upside acceleration, while longs avoided cascading exits.
Exchange-level data showed no outsized forced selling on the long side.
Leverage entered methodically, not recklessly. Even so, equilibrium rarely persisted indefinitely. A decisive range break would likely expand liquidation flows in the breakout direction.
Source: CoinGlass Fartcoin sat at a clear inflection point. Whale conviction, rising Open Interest, bullish positioning, and controlled liquidations pointed toward a buildup rather than a breakdown.
Even so, the range still governed direction. A break above $0.47 could shift momentum decisively. Failure kept the risk elevated.
Final Thoughts Fartcoin’s current setup reflects patience rather than panic, with leverage, positioning, and price structure holding in balance. A sustained move beyond the range could validate that buildup, while failure would quickly test trader conviction.
Crypto sells off amidst Trump Tariff Turmoil! $Trove falls 90% in awful TGE! Pump Fund announced!
Crypto majors are red following Trump’s tariff turmoil; BTC -2% at $91,100; ETH -4% at $3,105, SOL -3% at $129; XRP -2% to $1.93. CC (+12%), MYX (+5%) and SYRUP (+4%) led top movers. The NYSE began preparations for 24/7 tokenized stock and ETF trading. Steak ’n Shake revealed roughly $10M in Bitcoin exposure alongside the creation of a corporate BTC strategic reserve. Vitalik Buterin called for more sophisticated DAO governance models to improve accountability, coordination, and long-term sustainability. Bermuda outlined plans for a fully onchain national economy, working with Coinbase and Circle on payments, identity, and tokenized financial infrastructure. In Corporate Treasuries / ETFs. The BTC ETFs saw $394M in net outflows on Friday breaking a 4-day inflow streak; ETH ETFs stayed green with $4.7M in inflows. In Memes / Onchain Movers. Meme majors were red along with majors; Doge -1%, Shiba -1%, PEPE -2%, TRUMP -1%, Bonk -1%, Pengu -4%, SPX -12%, WIF -1% and Fartcoin -8%. USOR (+70%), GSD (+50%), and Eliza Town (+800%) led onchain movers.
Trump Tariffs 3: Return of the Bull Market! NYSE Tokenising, what that means for $Hype! Claude Meme Meta!
Crypto majors are red following Trump’s tariff turmoil; BTC -2% at $91,100; ETH -4% at $3,105, SOL -3% at $129; XRP -2% to $1.93. CC (+12%), MYX (+5%) and SYRUP (+4%) led top movers. The NYSE began preparations for 24/7 tokenized stock and ETF trading. Steak ’n Shake revealed roughly $10M in Bitcoin exposure alongside the creation of a corporate BTC strategic reserve. Vitalik Buterin called for more sophisticated DAO governance models to improve accountability, coordination, and long-term sustainability. Bermuda outlined plans for a fully onchain national economy, working with Coinbase and Circle on payments, identity, and tokenized financial infrastructure. In Corporate Treasuries / ETFs. The BTC ETFs saw $394M in net outflows on Friday breaking a 4-day inflow streak; ETH ETFs stayed green with $4.7M in inflows. In Memes / Onchain Movers. Meme majors were red along with majors; Doge -1%, Shiba -1%, PEPE -2%, TRUMP -1%, Bonk -1%, Pengu -4%, SPX -12%, WIF -1% and Fartcoin -8%. USOR (+70%), GSD (+50%), and Eliza Town (+800%) led onchain movers.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
4 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
4 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
4 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
4 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
4 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
PANews reported on February 16th that, according to OnchainLens monitoring, a whale deposited $1 million worth of USDC into the HyperLiquid platform and opened a long position in ETH (20x leverage). This whale also currently holds a long position in SOL (20x leverage). This whale also increased its holdings of the following tokens:
20,000 SOL tokens (worth $1.7 million) 8.5 million Fartcoins (worth $1.69 million) 30 million Mon (worth $717,000) 6.73 million XPL tokens (worth $651,000) The whale has suffered a total loss of over $11.877 million.
PANews reported on April 8th that, according to SoSoValue data, the cryptocurrency market has generally rebounded following the two-week ceasefire between the US and Iran. The AI sector performed strongly, rising 6.61% in the last 24 hours. Among them, Fartcoin (FARTCOIN) surged 18.88%, while Bittensor (TAO), Worldcoin (WLD), and Render (RENDER) rose 8.56%, 8.94%, and 10.14% respectively. Furthermore, Bitcoin (BTC) rose 4.30%, breaking through $71,000; Ethereum (ETH) rose 6.23%, breaking through $2,200.
In other sectors, the DeFi sector rose 4.41% in the last 24 hours, with EdgeX (EDGE) up 14.90%; the Layer 2 sector rose 4.32%, with Optimism (OP) up 9.51%; the Layer 1 sector rose 3.95%, with Zcash (ZEC) up 25.73%; the PayFi sector rose 3.86%, with Dash (DASH) up 8.77%; the Meme sector rose 3.56%, with SPX6900 (SPX) up 11.86%; and the CeFi sector rose 2.64%, with OKB up 3.92%.
Onchain analysts flagged an alleged coordinated Fartcoin (FARTCOIN) manipulation attempt on Hyperliquid, resulting in $1.5 million in losses for the protocol’s liquidity vault.
Blockchain security firm PeckShield and onchain tracker Lookonchain identified the incident on April 9, linking four wallets to a single entity.
How the Alleged Fartcoin Manipulation UnfoldedAccording to PeckShield, the attacker accumulated a $15 million Fartcoin long position totaling 145.24 million tokens across four wallets.
The attacker then triggered what PeckShield described as a “suicide” liquidation in a low-liquidity environment. This forced Hyperliquid’s Auto-Deleveraging (ADL) mechanism to activate, pushing the toxic position onto the Hyperliquidity Provider (HLP) vault.
Lookonchain confirmed that the wallets suffered a combined $3.02 million in liquidation losses.
“A $3M loss on paper, but likely a massive net profit via cross-venue hedging,” the post added.
Meanwhile, two short-side traders with addresses beginning 0x06ce and 0x4196 were auto-deleveraged by the ADL system, realizing approximately $849,000 in combined profits.
“4 fresh wallets, same entity, all traced $USDC at the same time coordinated long-liquidated in under 3 hours after a 27% pump collapsed into a 30% crash. This is what whale-vs-whale manipulation looks like when both sides are playing the same game, and one of them blinks first,” Evening Trader Group wrote.
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The wallet 0x06ce appears to be one of the few addresses that exited in profit with a PNL of +$512k during the recent $FARTCOIN HLP incident.
Following a coordinated attempt where traders built an 8-figure notional long and were later intentionally liquidated, HLP was left… https://t.co/OVmBywSmPo
— Hyperdash (@hypurrdash) April 9, 2026 The fallout comes as Fartcoin’s price sees notable volatility. The meme coin surged to an intraday high of $0.25 yesterday, marking its highest level since late January.
FARTCOIN Price Performance. Source: BeInCrypto MarketsHowever, over the past 24 hours, the token dropped more than 13%, ranking as the top loser among the 300 largest cryptocurrencies on CoinGecko. The token was trading near $0.17 at the time of writing.
But analysts say the $3M loss on Hyperliquid likely masked a larger net gain through hedged positions placed on other platforms.
A coordinated attempt to manipulate the price of Fartcoin (FART) on Hyperliquid ended in a $3 million liquidation loss after the scheme triggered an automatic safety mechanism that forced the platform’s own liquidity pool to absorb the fallout.
However, blockchain analysts tracking the incident say the attacker likely walked away with a net profit through hedged positions they had placed elsewhere, leaving Hyperliquid’s liquidity providers holding the bag.
How the Attack Unfolded According to Peckshield and Lookonchain, a single entity spread about $15 million worth of FART long positions across four wallets, accumulating over 145 million tokens. Their data shows the wallets were funded from Binance and Bybit, with three of them traced by on-chain researcher mlmabc to the same entity that had previously squeezed the XPL token.
The alleged manipulator deliberately chose a low-liquidity environment, which made it easier for them to move the price, with Fartcoin going up by about 20% around the time the positions were being built. Hyperdash, a trading terminal built for Hyperliquid, reported that at their peak, the coordinated longs had generated a combined unrealized gain of $1.3 million. Even price data from CoinGecko confirmed the move, showing FART going from near $0.20 to a high of $0.2476 between 20:05 and 23:55 GMT on April 8.
After that, the trap was sprung. Instead of exiting, as would have been expected, given that prices were flying, the schemer deliberately let the positions get liquidated, a tactic Peckshield called “suicide” liquidation. According to them, the intention was to trigger the platform‘s Auto-Deleveraging (ADL) mechanism, which forcibly closes the opposing side of a trade in extreme situations to cover losses.
In this instance, ADL meant that short traders were closed out against their will, and Hyperliquid’s own liquidity pool, known as HLP, was left holding a $13 million long position in a collapsing market. One wallet, 0x06ce, exited with a $512,000 profit before the liquidation cascade, according to Hyperdash.
Peckshield’s and Lookonchain’s assessments were that the manipulator went underwater for $3 million following the liquidation, with the former suggesting they may have profited elsewhere.
You may also like: Why Capital Is Flowing Into XRP, SOL, and HYPE Instead of BTC and ETH HYPE Price Explodes as ETF Inflows and SpaceX Perps Boost Hyperliquid Financial Advisors Managing $175 Trillion Are Eyeing These Crypto Sectors Instead of Bitcoin “A $3M loss on paper, but likely a massive net profit via cross-revenue hedging,” wrote Peckshield.
Fartcoin Down 10% HLP is said to have lost about $1.5 million in the last 24 hours, and Fartcoin is down 10% over the same time period after its price fell from the $0.24 it reached during the manipulation episode.
Meanwhile, Hyperliquid’s HYPE token, which dipped by 23% following a similar liquidation incident last year involving the JELLY token, seems to have fared better this time. At the time of writing, it had only shed a mere 0.4% off its level from 24 hours ago and was up more than 10% in the last 7 days.
A highly leveraged long bet on the Solana-based memecoin Fartcoin imploded on the Hyperliquid exchange, triggering a 50 percent price crash and roughly $3 million in losses for the trader behind multiple wallets.On-chain data show two main wallets built a 145.24 million-token long position that helped drive Fartcoin's rally before both were forcibly liquidated in large blocks as thin liquidity magnified the move lower.The liquidation was so large that Hyperliquid's auto-deleveraging system kicked in, forcibly closing profitable short positions for about $849,000 in fee-free gains, while Fartcoin—already hit in a recent $270 million Drift Protocol exploit—now trades around $0.1244.An outsized bet on the meme coin "Fartcoin," which rocketed it higher, ended in a 50% crash.
A group of wallets attempted to push Fartcoin's price higher by building a $145.24 million token long position on Hyperliquid, the decentralized perpetual futures exchange that has become the venue of choice for leveraged crypto bets during the ongoing U.S.-Iran war.
The trade blew up on Wednesday, crashing the token 50% in a single hourly candle from $0.2519 to $0.1244, and costing the entity behind the wallets roughly $3 million.
Fartcoin is a Solana-based memecoin minted on Pump.fun in October 2024 for 2 SOL. It holds no intrinsic value and features a transactional system in which each trade produces a digital flatulence sound, yet it has built a cult following large enough to make it a top-100 token by market cap and a top-10 token by derivatives open interest, with over $1 billion in futures exposure at its peak.
On-chain data from Hyperliquid shows how the position was assembled and how it came apart.
At least two wallets were used to build the long. Address 0x511c accumulated tokens through TWAP orders, an automated system that breaks a large buy into smaller pieces over time to minimize market impact, purchasing around $0.248 per token.
Address 0x71c97d opened longs at approximately $0.205. Both were building into a rally that took Fartcoin from roughly $0.16 to $0.25 over several days, a move the position itself likely contributed to, given the token's thin liquidity.
It is unclear whether the wallets belonged to the same person or a group of people who intended to drive FARTCOIN's prices up.
The unwind was not gradual, however. Address 0x511c was liquidated completely, ending at $0.00 with no positions remaining. Its liquidation records show 28.16 million FARTCOIN and a separate 6.7 million FARTCOIN-USD position closed at $0.2155, totaling roughly $1.45 million in liquidation value.
Address 0x71c97d was liquidated on two separate fills, 29.98 million tokens at $0.1822 and 7.49 million at $0.1880, totaling roughly $6.87 million in liquidation value. That wallet has $35,074 left.
The liquidation was so large relative to the order book that Hyperliquid's auto-deleveraging mechanism activated, forcibly closing profitable short positions on the other side of the trade to prevent the system from accumulating bad debt.
Two short-biased accounts were auto-deleveraged at $0.1929, both at 7:52 AM on April 9. Address 0x06ce, an account with $15.1 million in all-time combined PnL and a 100% short position distribution, was ADL'd on 4.75 million FARTCOIN for a closed profit of $512,522.
Address 0x4196, carrying $12.9 million in all-time PnL and a 96.44% short allocation, was ADL'd on 15 million FARTCOIN for $336,599. Neither chose to close. Hyperliquid closed them.
The combined $849,000 in ADL profits came at zero fees, an artifact of the mechanism rather than a trading decision. Both accounts are sophisticated short-biased operators with multi-million dollar track records on the platform. They were positioned correctly and got paid for it, but not on their own terms.
FARTCOIN was also among the tokens stolen in last week's $270 million Drift Protocol exploit, where $4.1 million in FARTCOIN was drained alongside USDC, wrapped bitcoin, and dozens of other assets. The token trades at $0.1244 as of Wednesday afternoon.
In brief Fartcoin plunged 28% from its weekly high, liquidating $51M in 24 hours. The meme coin’s crash came after it surged 45% in two days to its peak Wednesday. Hyperliquid recorded $84M in liquidations, topping centralized exchanges Binance and Bybit. While Bitcoin hovers above $71,000, attempting to find a stable foothold, a subset of altcoins has tanked sharply, with Fartcoin leading the drop.
The meme coin is down 28% from its Thursday morning peak to around $0.178, according to CoinGecko data. A closer look at the week's price action shows that Fartcoin surged from $0.166 on Tuesday to $0.247 yesterday, securing a 48% gain in under two days.
That sudden spike in buying pressure was followed by a V-reversal, liquidating $48 million in long positions and $3.7 million in shorts in the past 24 hours, according to CoinGlass. The liquidation event was the highest the meme coin witnessed since November 2025, underscoring the volatility. The 24-hour rolling window shows liquidation numbers hit $51 million, ranking third behind Bitcoin and Ethereum.
Enjin Coin experienced similar price action.
It rose abruptly from $0.020 on Wednesday to $0.0383, clocking an 86% gain. As a result, $3.8 million worth of positions were wiped out over 48 hours—the largest liquidation for the token since April 2025.
Most of these liquidations occurred on decentralized exchange Hyperliquid, which recorded $85 million in 24-hour liquidations, surpassing centralized exchanges like Binance, Bybit, and Gate.
“The recent intense volatility in altcoins is essentially the result of a combination of declining macro risk appetite and tightening on-chain liquidity,” Tim Sun, senior researcher at HashKey Group, told Decrypt.
Sun also noted that altcoins typically have shallow market depth and high concentration of holdings. During periods of liquidity contraction, market makers and short-term speculative capital are more inclined to profit by pumping prices and then distributing, which reinforces the pattern of sharp rises and falls.
Algorand, Bittensor, and World Liberty Financial, which were up big last week, are down between 5% and 9% over the past 24 hours, reflecting a narrative-driven capital rotation.
Looking aheadAll eyes are now on Bitcoin, which could make or break the current outlook.
The ceasefire between the U.S. and Iran remains fragile, with experts noting a lack of clarity on the Lebanon front as a contributing factor.
In a TruthSocial post Wednesday, U.S. President Donald Trump stated that, "All US ships, aircraft, and military personnel and anything else that is appropriate and necessary for the lethal prosecution and destruction of Iran, will remain in place in, and around, Iran, until such time as the real agreement is reached and fully complied with.”
"If for any reason it is not, which is highly unlikely, then the 'Shootin' Starts,' bigger, and better, and stronger than anyone has ever seen before," he added.
The breakdown has shifted sentiment on prediction market Myriad, owned by Decrypt's parent company Dastan. Users now see a 66% chance that crude oil's next move will be a pump to $120—down from 89% on Tuesday, when the ceasefire was announced.
Despite the uncertainty, Bitcoin has managed to hold above $70,000. It is trading around $71,100, down 0.5% over the past 24 hours according to CoinGecko data.
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Fartcoin (FARTCOIN), a Solana-based meme coin born from an AI experiment called Truth Terminal, tanked 28% in the last 12 hours, sliding from about $0.25 to $0.17 after a mega-long liquidation blew up $3 million.
Data tracked by Lookonchain shows a trader opened a 145 million FARTCOIN long across four wallets in an attempt to manipulate the market but the plan appeared to backfire, resulting in a $3 million liquidation.
On the flip side, FARTCOIN shorts profited from Auto-Deleveraging (ADL), with two wallets collectively earning $849,000 in profits.
Someone tried to manipulate the $Fartcoin market, building a 145.24M $Fartcoin long position across 4 wallets, but was liquidated, taking a $3.02M loss.
Meanwhile, $Fartcoin shorts profited from ADL (Auto-Deleveraging) — 0x06ce and 0x4196 were auto-deleveraged, realizing $849K… pic.twitter.com/INvyMAgJwP
— Lookonchain (@lookonchain) April 9, 2026
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Coordinated trade sent FARTCOIN up 20% before liquidation event Some crypto traders speculate that the FARTCOIN crash was caused by a group of traders on Hyperliquid associated with the same wallets behind the earlier XPL squeeze.
These traders first built a large long position in FARTCOIN, pushing the price up 20%. Hyperliquid’s HLP, which acts as the market maker of last resort, had to take the other side of trades when there were not enough buyers. This left HLP short on FARTCOIN.
The traders then triggered their own liquidation. Auto-deleveraging automatically closed opposing positions to balance the system.
One of the wallets that profited from the event, identified as 0x06ce, made $512,000 from it, continuing a six-day winning streak and bringing its all-time PnL to more than $15 million.
The event exposes a known risk for automated market makers in low-liquidity assets: while Hyperliquid is fully transparent and on-chain, that same transparency allows sophisticated actors to anticipate and exploit its positions.
Something important just happened on Hyperliquid that everyone trading there should understand.
A coordinated group of traders built an eight figure notional long in $FARTCOIN over four hours. The same wallets linked to the XPL squeeze. The price surged 20%.
Here is where it… https://t.co/tfc6VtCAWs
— Cosimo Capiτal ⚜️ (@CosimoCapital) April 9, 2026
The wider meme coin collapse The meme coin market has been in freefall since July 2025, with total market capitalization falling 65% to roughly $29 billion.
Fartcoin, launched in October 2024 at $0.0029, soared over 9,300 percent to an all-time high of $2.5 in January 2025. Since then, the token has lost around 93 percent of its value.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
A trader lost about $3 million after building a large leveraged Fartcoin position on Hyperliquid that unraveled in thin liquidity, triggering the platform’s auto-deleveraging (ADL) mechanism.
Lookonchain said, citing Hyperliquid data, that the trader accumulated about 145 million tokens across multiple wallets before being liquidated. The liquidation redistributed gains to opposing traders, with at least two wallets seeing around $849,000 through ADL.
PeckShield said the unwind produced about $3 million in accounting losses and left Hyperliquid’s HLP vault down roughly $1.5 million over 24 hours, though Hyperliquid had not publicly confirmed those figures by publication.
The episode highlighted how ADL can crystallize gains for traders on the other side of a collapsing position, while raising fresh questions about how Hyperliquid’s liquidation and vault structure behave in low-liquidity markets.
One of the wallets that profited from the redistribution. Source: Hyperdash
PeckShield said the activity appeared structured to trigger liquidations in low-liquidity conditions, potentially pushing losses onto Hyperliquid’s liquidity pool while being offset by positions elsewhere.
Cointelegraph reached out to Hyperliquid for comments, but had not received a response before publication.
Source: PeckShieldAlert
Past trades exposed similar pressure on Hyperliquid’s liquidity systemThis is not the first time Hyperliquid’s liquidity system has come under pressure from large, concentrated positions.
On March 13, 2025, the platform’s Hyperliquidity Provider (HLP) vault took a roughly $4 million hit after an oversized Ether (ETH) position was unwound, triggering liquidations under thin market conditions. After the incident, the team said that losses stemmed from market dynamics rather than a protocol exploit.
A similar episode occurred later that month involving the JELLY memecoin. On March 27, 2025, a trader used multiple leveraged positions to exploit the platform’s liquidation system.
However, the final outcome remained unclear, with Arkham saying the trader withdrew about $6.26 million but may still have ended up down nearly $1 million.
On Nov. 13, 2025, a similar pattern occurred when a trader built large leveraged positions in the POPCAT market, triggering cascading liquidations that left a $5 million hole in the HLP vault. Community members said the strategy appeared designed to create and then remove liquidity to force the vault to absorb the impact.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
A trader lost about $3 million after building a large leveraged Fartcoin position on Hyperliquid that unraveled in thin liquidity, triggering the platform’s auto-deleveraging (ADL) mechanism.
Lookonchain said, citing Hyperliquid data, that the trader accumulated about 145 million tokens across multiple wallets before being liquidated. The liquidation redistributed gains to opposing traders, with at least two wallets seeing around $849,000 through ADL.
PeckShield said the unwind produced about $3 million in accounting losses and left Hyperliquid’s HLP vault down roughly $1.5 million over 24 hours, though Hyperliquid had not publicly confirmed those figures by publication.
The episode highlighted how ADL can crystallize gains for traders on the other side of a collapsing position, while raising fresh questions about how Hyperliquid’s liquidation and vault structure behave in low-liquidity markets.
One of the wallets that profited from the redistribution. Source: Hyperdash
PeckShield said the activity appeared structured to trigger liquidations in low-liquidity conditions, potentially pushing losses onto Hyperliquid’s liquidity pool while being offset by positions elsewhere.
Cointelegraph reached out to Hyperliquid for comments, but had not received a response before publication.
Source: PeckShieldAlert
Past trades exposed similar pressure on Hyperliquid’s liquidity systemThis is not the first time Hyperliquid’s liquidity system has come under pressure from large, concentrated positions.
On March 13, 2025, the platform’s Hyperliquidity Provider (HLP) vault took a roughly $4 million hit after an oversized Ether (ETH) position was unwound, triggering liquidations under thin market conditions. After the incident, the team said that losses stemmed from market dynamics rather than a protocol exploit.
A similar episode occurred later that month involving the JELLY memecoin. On March 27, 2025, a trader used multiple leveraged positions to exploit the platform’s liquidation system.
However, the final outcome remained unclear, with Arkham saying the trader withdrew about $6.26 million but may still have ended up down nearly $1 million.
On Nov. 13, 2025, a similar pattern occurred when a trader built large leveraged positions in the POPCAT market, triggering cascading liquidations that left a $5 million hole in the HLP vault. Community members said the strategy appeared designed to create and then remove liquidity to force the vault to absorb the impact.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
In brief Fartcoin plunged 28% from its weekly high, liquidating $51M in 24 hours. The meme coin’s crash came after it surged 45% in two days to its peak Wednesday. Hyperliquid recorded $84M in liquidations, topping centralized exchanges Binance and Bybit. While Bitcoin hovers above $71,000, attempting to find a stable foothold, a subset of altcoins has tanked sharply, with Fartcoin leading the drop.
The meme coin is down 28% from its Thursday morning peak to around $0.178, according to CoinGecko data. A closer look at the week's price action shows that Fartcoin surged from $0.166 on Tuesday to $0.247 yesterday, securing a 48% gain in under two days.
That sudden spike in buying pressure was followed by a V-reversal, liquidating $48 million in long positions and $3.7 million in shorts in the past 24 hours, according to CoinGlass. The liquidation event was the highest the meme coin witnessed since November 2025, underscoring the volatility. The 24-hour rolling window shows liquidation numbers hit $51 million, ranking third behind Bitcoin and Ethereum.
Enjin Coin experienced similar price action.
It rose abruptly from $0.020 on Wednesday to $0.0383, clocking an 86% gain. As a result, $3.8 million worth of positions were wiped out over 48 hours—the largest liquidation for the token since April 2025.
Most of these liquidations occurred on decentralized exchange Hyperliquid, which recorded $85 million in 24-hour liquidations, surpassing centralized exchanges like Binance, Bybit, and Gate.
“The recent intense volatility in altcoins is essentially the result of a combination of declining macro risk appetite and tightening on-chain liquidity,” Tim Sun, senior researcher at HashKey Group, told Decrypt.
Sun also noted that altcoins typically have shallow market depth and high concentration of holdings. During periods of liquidity contraction, market makers and short-term speculative capital are more inclined to profit by pumping prices and then distributing, which reinforces the pattern of sharp rises and falls.
Algorand, Bittensor, and World Liberty Financial, which were up big last week, are down between 5% and 9% over the past 24 hours, reflecting a narrative-driven capital rotation.
Looking aheadAll eyes are now on Bitcoin, which could make or break the current outlook.
The ceasefire between the U.S. and Iran remains fragile, with experts noting a lack of clarity on the Lebanon front as a contributing factor.
In a TruthSocial post Wednesday, U.S. President Donald Trump stated that, "All US ships, aircraft, and military personnel and anything else that is appropriate and necessary for the lethal prosecution and destruction of Iran, will remain in place in, and around, Iran, until such time as the real agreement is reached and fully complied with.”
"If for any reason it is not, which is highly unlikely, then the 'Shootin' Starts,' bigger, and better, and stronger than anyone has ever seen before," he added.
The breakdown has shifted sentiment on prediction market Myriad, owned by Decrypt's parent company Dastan. Users now see a 66% chance that crude oil's next move will be a pump to $120—down from 89% on Tuesday, when the ceasefire was announced.
Despite the uncertainty, Bitcoin has managed to hold above $70,000. It is trading around $71,100, down 0.5% over the past 24 hours according to CoinGecko data.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
What Happened in the Fartcoin Liquidation Event? A trader lost about $3 million after building a large leveraged position in Fartcoin on Hyperliquid, which unraveled under thin liquidity conditions and triggered the platform’s auto-deleveraging (ADL) mechanism.
Blockchain data flagged by Lookonchain shows the trader accumulated roughly 145 million tokens across multiple wallets before being liquidated. As the position collapsed, gains were redistributed to traders on the other side of the market, with at least two wallets receiving around $849,000 through ADL.
PeckShield said the unwind resulted in approximately $3 million in accounting losses and left Hyperliquid’s Hyperliquidity Provider (HLP) vault down about $1.5 million over a 24-hour period, although the platform had not confirmed these figures at the time of publication.
How Does ADL Amplify Gains and Losses? Hyperliquid’s ADL system is designed to manage risk during forced liquidations by automatically reducing opposing positions when liquidity is insufficient. In practice, this can transfer value from one side of the market to another when large positions unwind rapidly.
In this case, the liquidation did not only close the trader’s position but also redistributed profits to counterparties positioned against it. The structure effectively turned a single collapse into a profit event for a small number of traders able to absorb the flow.
PeckShield noted that the activity appeared structured to trigger liquidations in low-liquidity conditions, potentially pushing losses onto Hyperliquid’s liquidity pool while being offset by positions elsewhere.
Investor Takeaway Auto-deleveraging systems can transfer losses across participants rather than eliminate them. In thin markets, large leveraged positions can turn liquidation into a redistribution event that benefits counterparties while stressing liquidity pools.
What Does This Reveal About Hyperliquid’s Liquidity Structure? The incident has raised fresh questions about how Hyperliquid’s liquidation and vault systems behave under stress. The HLP vault, which acts as a backstop for liquidity and absorbs imbalances, recorded losses during the event, highlighting its exposure to extreme market conditions.
While the platform has previously attributed similar losses to market dynamics rather than protocol flaws, repeated events suggest that structural vulnerabilities may persist when liquidity is fragmented or shallow.
Investor Takeaway Liquidity backstops like HLP vaults can absorb shocks but also accumulate losses during extreme events. Their performance depends heavily on market depth and the distribution of leveraged positions.
Is This Part of a Broader Pattern? This is not the first time Hyperliquid’s liquidity system has come under pressure from large, concentrated trades. On March 13, 2025, the HLP vault took a roughly $4 million hit after an oversized Ether position was unwound under similar thin liquidity conditions.
Later that month, a trader used multiple leveraged positions in the JELLY memecoin market in what appeared to exploit the platform’s liquidation mechanics. The final outcome remained unclear, with Arkham reporting that the trader withdrew about $6.26 million but may still have ended up with net losses.
On Nov. 13, 2025, another event involving the POPCAT market triggered cascading liquidations, leaving an estimated $5 million deficit in the HLP vault. Community analysis suggested the strategy involved creating and then removing liquidity to force the vault to absorb losses.
These repeated incidents point to a recurring dynamic where large, coordinated positions interact with thin liquidity to produce outsized effects on both traders and protocol-level liquidity reserves.
About the Author: Abdelaziz Fathi
Abdelaziz Fathi covers the intersection of forex/CFD brokerage, regulation, liquidity, fintech, and digital assets. With a B.A. in Finance and hands-on industry exposure, Aziz blends analytical rigor with clear storytelling to make complex market structure understandable for traders, brokers, and fintech professionals.
