The main bulls of PUMP and FARTCOIN have liquidated and exited the market, with a total liquidation scale of $31.3 million in recent days.

BlockBeats News, January 20 — According to HyperInsight monitoring, the whale address (0xbaa…) that was the second-largest long position on-chain for PUMP and the largest long for FARTCOIN experienced continuous liquidations and massive losses. Yesterday, it used the remaining approximately $10,000 to attempt a bottom-fishing, but soon closed the position and exited, incurring a loss of over $4 million in the past 7 days.

This address was heavily impacted on January 15, with PUMP long positions liquidated for about $14.32 million, and FARTCOIN long positions liquidated for about $11.16 million. The total assets of the account plummeted from $4.1 million to less than $800,000, recording the largest single liquidation on the entire network. Subsequently, between January 16 and 19, the address experienced multiple rounds of liquidations, with the account balance approaching zero at one point, dropping to less than $20,000 at its lowest.