News linked to both this project and an event.
According to monitoring by Onchain Lens, 75 days ago, a trader sold 9 BTC worth $981,000 and opened a long position on FARTCOIN. Today, the position has been fully liquidated, resulting in a loss of $896,000, with only $84,600 remaining.
WEEX Exchange has announced the launch of its Meme Ecosystem Week. Users can trade the following meme tokens—PEPE, PENGU, BONK, DOGS, NOT, WIF, FARTCOIN, and TURBO—to share in a $60,000 reward pool. Event Period: May 6, 18:00 – May 16, 18:00 (UTC+8). During the event: - New users who make a net deposit of ≥100 USDT and execute their first spot trade in any of the eligible tokens will receive a mystery box airdrop worth up to $18. - Both new and existing users whose cumulative spot trading volume in the eligible tokens reaches ≥1,000 USDT are eligible to share in a $30,000 prize pool.
According to on-chain analyst PeckShield (@PeckShieldAlert), the attacker established a $15 million long position in $Fartcoin (totaling 145.24 million tokens) on Hyperliquid using four wallets. Subsequently, in a low-liquidity environment, the attacker deliberately triggered a “suicidal” liquidation, forcing activation of the ADL (Automatic Deleveraging) mechanism. As a result, the HLP liquidity pool was compelled to absorb toxic assets, generating bad debt and incurring approximately $3 million in paper losses. The HLP has lost roughly $1.5 million within the past 24 hours. PeckShield noted that the attacker likely executed cross-market hedging strategies in advance, meaning the actual net profit may significantly exceed the reported paper loss figure.
According to on-chain analyst Onchain Lens (@OnchainLens), over the past four hours, four wallet addresses linked to the same entity collectively opened $33.3 million in long positions in the FARTCOIN market, all of which were subsequently liquidated, resulting in a total loss of $3.02 million.