PUMP Falls 8.4% to $0.00264, FARTCOIN Drops 13% as Address 0xbaa Faces Liquidations

On Jan. 15, PUMP fell about 8.4% to $0.00264 and FARTCOIN dropped over 13% to $0.373, with a wave of liquidations mainly tied to address 0xbaa, HyperInsight and CoinGlass data show. About 99% of liquidation orders for both tokens on Hyperliquid in the past hour were long positions, representing 97.6% and 95.5% of each coin's total network liquidation volume. The address holds the on-chain second-largest long position in PUMP and the largest in FARTCOIN; its PUMP longs saw two large liquidations within half an hour totaling $14.32 million with about $470,000 in losses, with the next liquidation level near $0.00218. Its FARTCOIN longs were liquidated by about $11.16 million, with the next liquidation price around $0.348, and the account's total positions have shrunk to about $5.86 million.