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According to on-chain analysis platform Lookonchain (@lookonchain), TUT liquidations exceeded $44 million in the past 24 hours, far surpassing BTC and ETH, becoming the asset with the highest liquidation volume during the same period.
Odaily News: According to EmberCN monitoring, the on-chain TUT dynamics primarily involve market makers and manipulators reallocating funds among major CEXs. Over the past day or so, 160 million TUT tokens have been transferred from Binance to Bitget, accounting for 20% of the total supply.
In response to the abnormal and severe volatility in the perpetual contract markets of TUT (TUTUSDT), Lobster (龙虾 USDT), and BICO (BICOUSDT) on August 9, 2026, Gate has promptly launched a special review and risk control investigation. To safeguard the legitimate rights and interests of users, Gate will provide full USDT compensation to affected liquidated users who meet the compensation criteria. The platform has opened a dedicated processing channel. Affected users can contact Gate through official channels such as VIP account managers or online customer service. The platform will complete the implementation of the compensation plan within three working days and disburse the compensation amount to users' spot accounts.Gate stated that user rights will always remain the core focus of the platform. It will continue to strengthen abnormal trading detection, risk control for low-liquidity markets, dynamic management of risk parameters, and the development of pricing and liquidation mechanisms, further enhancing the platform's risk prevention capabilities and market governance standards. Gate remains committed to building a fair, transparent, and secure trading environment, continuously listening to user feedback, and working with the community to maintain a healthy and stable market ecosystem.
据 Lookonchain 监测,TUT 在 Aster 上线后价格一度上涨 10 倍。过去 8 小时内,一名交易者向 Aster 存入 24 万美元,并对 968,742 枚 TUT(约 16.5 万美元)建立了 2 倍杠杆多头仓位。
In response to the abnormal and severe volatility in the perpetual contract markets of TUT (TUTUSDT), Lobster (龙虾 USDT), and BICO (BICOUSDT) on August 9, 2026, Gate has promptly launched a special review and risk control investigation. To safeguard the legitimate rights and interests of users, Gate will provide full USDT compensation to affected liquidated users who meet the compensation criteria. The platform has opened a dedicated processing channel. Affected users can contact Gate through official channels such as VIP account managers or online customer service. The platform will complete the implementation of the compensation plan within three working days and disburse the compensation amount to users' spot accounts.Gate stated that user rights will always remain the core focus of the platform. It will continue to strengthen abnormal trading detection, risk control for low-liquidity markets, dynamic management of risk parameters, and the development of pricing and liquidation mechanisms, further enhancing the platform's risk prevention capabilities and market governance standards. Gate remains committed to building a fair, transparent, and secure trading environment, continuously listening to user feedback, and working with the community to maintain a healthy and stable market ecosystem.
Xie Jiayin, Bitget's Head of Greater China Region, stated in a post that in response to the mark price anomaly incident involving three trading pairs including TUT on August 9, Bitget will compensate affected users who meet the criteria, with total compensation amounting to nearly 40 million USD. The compensation will be calculated based on users' account equity at 15:00 on that day, addressing relevant losses caused by forced liquidation of short positions during the period of abnormal price fluctuation.
据 Lookonchain 监测,TUT 在 Aster 上线后价格一度上涨 10 倍。过去 8 小时内,一名交易者向 Aster 存入 24 万美元,并对 968,742 枚 TUT(约 16.5 万美元)建立了 2 倍杠杆多头仓位。
According to on-chain analysis platform Lookonchain (@lookonchain), TUT liquidations exceeded $44 million in the past 24 hours, far surpassing BTC and ETH, becoming the asset with the highest liquidation volume during the same period.
Odaily News: According to EmberCN monitoring, the on-chain TUT dynamics primarily involve market makers and manipulators reallocating funds among major CEXs. Over the past day or so, 160 million TUT tokens have been transferred from Binance to Bitget, accounting for 20% of the total supply.
According to CoinGlass data, TUT liquidations in the last 1 hour totaled approximately $34.807 million, of which short liquidations were about $33.3548 million and long liquidations were about $1.4522 million. The significantly higher proportion of short liquidations indicates that the short-term upward trend formed a concentrated squeeze on short positions.