Crypto

Fartcoin Suffers 28% Plunge as $84M in Liquidations Rock Altcoins

Guavy AI Editorial Team Published July 26, 2026

Instruments

HYPE ENJ

Fartcoin (FARTCOIN) took a hit on Thursday after its sharp two-day rally reversed course. The meme coin plummeted from $0.247 to around $0.178, losing 28% of its value in one day.

This sudden drop triggered massive liquidations, with CoinGlass data showing that $48 million in long positions were wiped out during the 24-hour period.

Short-side liquidations added another $3.7 million to the total, making Fartcoin's liquidation event the largest since November 2025.

Enjin Coin followed a similar pattern, with its token rising from $0.020 to $0.0383 on Wednesday before reversing sharply and wiping out $3.8 million in positions over 48 hours.

The market saw an unprecedented $84 million in total liquidations on Hyperliquid, a decentralized exchange, surpassing centralized platforms like Bybit and Gate during the same window.

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