HyperLiquid's $FOGO experienced an astonishing surge in the pre-market. In just 15 minutes, the price increased by 550%, demonstrating how quickly volatility can appear in the market.
Due to this rapid price movement, traders who took short positions suffered significant losses. According to aggregated data, approximately $1.49 million worth of short positions were forcibly liquidated, reminding us once again of the substantial risks involved in leverage trading. The sharp rise during the pre-market stage, where liquidity is limited, can lead to even more extreme price fluctuations.
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GateUser-a606bf0c
· 9h ago
15 minutes 550%, this is a live demonstration of the liquidity trap.
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GasWastingMaximalist
· 9h ago
15 minutes 550%? That's why I never touch pre-sales, the liquidity is just too terrible.
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CryptoGoldmine
· 9h ago
15 minutes 550%, this is the destructive power of a low-liquidity market. $1.49m liquidation, if you bet against the trend, you have to admit defeat. Leverage is really something to be cautious about.
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CryingOldWallet
· 9h ago
15 minutes 550%? How miserable must this short squeeze be haha
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DataOnlooker
· 9h ago
15 minutes 550%, what are they playing at? Directly blowing up the shorts haha
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pumpamentalist
· 9h ago
15 minutes 550%? That's why I don't play premarket, it's too crazy.
HyperLiquid's $FOGO experienced an astonishing surge in the pre-market. In just 15 minutes, the price increased by 550%, demonstrating how quickly volatility can appear in the market.
Due to this rapid price movement, traders who took short positions suffered significant losses. According to aggregated data, approximately $1.49 million worth of short positions were forcibly liquidated, reminding us once again of the substantial risks involved in leverage trading. The sharp rise during the pre-market stage, where liquidity is limited, can lead to even more extreme price fluctuations.