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In one of the most notable single-day liquidations, a cryptocurrency trader lost over $300 million in just three hours. The trader, identified as Qwatio , saw his massive short positions, worth more than $334 million, wiped out in a familiar pattern in his recent trading, according to the latest on-chain data retrieved by Finbold from Lookonchain on July 14.  Qwatio losing cryptocurrency positions. Source: Lookonchain Data from his public wallet (address: 0x916E) shows a cascade of forced liquidations between 11:42 AM and 1:24 PM UTC on Monday.  In total, Qwatio was forced to close positions amounting to approximately 1,743 Bitcoin (BTC), worth around $211 million; 33,743 Ether (ETH), valued at $102.3 million; and 15 million FARTCOIN, worth about $20.6 million. After fees, his net realized loss on these trades was nearly $25.84 million. Bitcoin rally liquidates shorts  Qwatio had placed huge bets against the market, opening aggressive short po...

Summary ⚈ MemeCore lost $2.8M after withdrawing 1.39 million TRUMP tokens from Binance in a bid to secure a dinner spot with Donald Trump. ⚈ TRUMP token price dropped over 5% in 24 hours and 22% over the week, despite surging interest since the April 23 dinner announcement. ⚈ Some traders have still profited, with one whale swapping Fartcoin for TRUMP and gaining $669,000 in under a day. A cryptocurrency trader has suffered a $2.8 million loss following a transaction involving Official Trump (TRUMP) within an hour as part of a gamble to earn a dinner spot with President Donald Trump. The transaction involved MemeCore , a cross-chain meme coin platform, which saw its investment plummet after withdrawing 1.39 million TRUMP tokens from Binance, according to the latest on-chain data retrieved by Finbold from Arkham Intel on May 6. MemeCore TRUMP transactions. Source: Arkham The withdrawal, valued at $17.8 million, was made to secure a seat at an exclusive gala d...

A closely followed crypto strategist believes that rallies are in store for one artificial intelligence-focused altcoin. Pseudonymous analyst Altcoin Sherpa tells his 222,700 followers on the social media platform X that he’s accumulating Artificial Superintelligence Alliance (FET). The trader shares a chart suggesting that FET could carve a bottom at around $1.10 before breaking out to $1.70. “FET: underwater on these first entries; going to cut it if it loses the 200 exponential moving average on the four hour. Have more entries lower and will wait. Still think the chart looks decent on lower time frames but I also recognize we’re in a bullish trend on the one day. Lose $1.10 and I’m out.” Source: Altcoin Sherpa/X At time of writing, FET is trading for $1.12, down over 9% on the day. Turning to memecoin dogwifhat (WIF), the analyst thinks the Solana (SOL)-based altcoin will continue to trade in a wide range for now. “WIF s...