Altcoin Market Turbulence: Fartcoin Leads Crash, Hyperliquid Sees Record Liquidations

Fartcoin has taken center stage in the altcoin market slump, with a staggering 28% drop from its weekly high. This significant price swing led to $51 million in liquidations over 24 hours, making it one of the most volatile periods for the meme coin since November 2025.

Hyperliquid, a decentralized exchange, bore the brunt of this volatility, recording $84 million in liquidations – surpassing centralized exchanges like Binance and Bybit. The rapid price swing has experts weighing in on the causes behind this sudden shift.