A #BNBChain# memecoin called TUT just became the most-liquidated crypto asset on the market (in the past 24 hours) - after rallying more than 1,100% in 2 days
$TUT hit an ath near $0.29 yesterday (August 9), then reversed hard and is now trading about 42% below that peak:
- liquidations topped $42M
- futures volume hit $3.34B
- that's more than 23x its market cap!!!
- TUT accounted for roughly a quarter of all crypto liquidations
The funniest part is that TUT originally started as a tutorial token for showing people how to launch a coin on BNB Chain before turning into a memecoin
The tutorial esca lated quickly.. Total liquidations across the market reached $168.3M, with short positions making up $112.5M of that amount
What was your biggest-ever liquidation?
#Altcoin Season# #Meme Alpha#
$TUT hit an ath near $0.29 yesterday (August 9), then reversed hard and is now trading about 42% below that peak:
- liquidations topped $42M
- futures volume hit $3.34B
- that's more than 23x its market cap!!!
- TUT accounted for roughly a quarter of all crypto liquidations
The funniest part is that TUT originally started as a tutorial token for showing people how to launch a coin on BNB Chain before turning into a memecoin
The tutorial esca lated quickly.. Total liquidations across the market reached $168.3M, with short positions making up $112.5M of that amount
What was your biggest-ever liquidation?
#Altcoin Season# #Meme Alpha#