FARTCOIN (fartcoin.one) (FARTCOIN)

Memecoins are PVP and always will be.

And fartcoin dumping (literally) is a perfect example of that.

Whales tried to pump this because it’s easier to move than a deep, liquid market.

So they loaded up a huge ~$15M notional long on @HyperliquidX.

The bet is simple: push price hard enough, pull in momentum traders, let them carry it higher.

Once that artificial push stopped, there wasn’t enough real demand underneath.

Then the usual chain reaction started:

→ People sold the candle
→ Longs got liquidated
→ That forced even more selling

And that’s how we ended up with this clown fiesta.

Someone spent $15M trying to manipulate Fartcoin, and it ended with a $3M loss.

It all started with four coordinated wallets that quietly built a $15M long position on Fartcoin across @HyperliquidX.

But the token dropped instead of pumping, and all four wallets got liquidated for $3M.

Here's the scheme they tried to run:

→ Build a large coordinated long position across multiple wallets
→ Wait for the price to pump
→ Take profits before the position gets force-closed

When the liquidation hit, Hyperliquid's Auto-Deleveraging mechanism automatically closed two short positions on the opposite side.

The 2 lucky wallets made ~$850K combined with zero effort.

A similar approach was used to drain $1.5M from the HLP vault just days earlier.

This attack vector will persist as long as low-liquidity tokens trade on the platform.