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SAHARA crashes suddenly, dropping over 60%, with $22.25 million in liquidations across the entire network.
SAHARA crashes suddenly, dropping over 60%, with $22.25 million in liquidations across the entire network. BlockBeats reports that on June 9, according to market data, SAHARA plummeted over 60%, currently priced at $0.01545, with a market cap of $56.06 million and a fully diluted valuation (FDV) of $161 million.
Additionally, data from Coinglass shows that in the past hour, $22.45 million worth of SAHARA trades were liquidated across the network, with $22.25 million in long positions liquidated, making it the largest liquidation asset in the past hour, twice as much as ETH (second place; $10.62 million).
Next, three things need to be monitored: whether related funds continue to flow in, whether on-chain trading volume and positions keep expanding, and whether project teams or regulators provide any new confirmation information.
A single news flash can only indicate that sentiment has been ignited; subsequent data will determine whether it can develop into a trend.
Risks should also be kept on the table: if subsequent transactions and capital flows cannot keep up, the market may easily absorb this as a one-time pulse.
$sahara #eth #On-chain data #监管 #Blockchain