- • 65.05M FARTCOIN worth $12.93M liquidated across 7 wallets in under 5 minutes on August 23, 2026
- • Simultaneous liquidation across multiple wallets suggests a sharp price move breached clustered leverage thresholds
- • Signal data flags short positions as the dominant side caught off guard in this liquidation event
BREAKING
$12.93M in FARTCOIN Liquidations Hit 7 Wallets in 5 Minutes
A rapid liquidation cascade struck the FARTCOIN market on August 23, 2026 at 07:15 UTC, with seven separate wallets losing a combined 65.05M FARTCOIN valued at $12.93M within a single five-minute interval. The event, flagged by on-chain intelligence tracker Lookonchain, ranks among the more concentrated token-specific liquidation clusters seen in recent sessions.
Affected Wallets
The following seven addresses were confirmed as liquidation targets in this event:
- 0xc4dc85e76f2b12e106315d18300e0c98b43bdd55
- 0x686706694213cc9c6fae44565d9dbefc6a39f0a9
- 0x7971e1fe68e4f6761a64dfaead619715bb5f7d31
- 0xc7d1113f2c8fc4d39d1ec3fc37644f2699adbfad
- 0x387a3773f798f45601c498737020f6804c53530e
- 0x24116735823ae84cabc385492a9eea68c2eeb24c
- 0x6710b7f4432575bfd1fe8aa57b829991e3ab48d2
What the Data Shows
The speed and scale of this event — $12.93M cleared from seven positions in under 300 seconds — points to a sharp, sudden price move that breached multiple liquidation thresholds nearly simultaneously. When leveraged positions across different wallets hit their liquidation prices within the same narrow window, it typically reflects either a swift downside wick or a cascading chain reaction where each forced sell accelerates the next.
The dominant side flagged in the data is short, though no individual long or short breakdown in dollar terms is available from the verified facts. The interpretation from the signal data suggests this move caught short-positioned traders off guard — meaning price likely moved upward into short liquidation zones rather than downward. Readers should treat this directional interpretation as analytical context, not confirmed fact, given no per-wallet position details are publicly disclosed in this report.
Market Context
FARTCOIN, a high-volatility memecoin, is particularly susceptible to rapid liquidation cascades given its speculative positioning and thinner order book depth compared to large-cap assets. A cluster of this size — seven wallets, one five-minute window — signals that multiple traders had sizeable leveraged exposure concentrated near similar price levels.
For context on how large leveraged positions behave under pressure in the current market environment, the $10.97M HYPE long with a defined liquidation threshold at $64.47 illustrates how precisely leveraged entries can unwind under volatile conditions. Similarly, as seen in cases like Loracle’s $56.39M short position bleeding $19.55M in unrealized losses, large concentrated shorts can face devastating outcomes during rapid upside moves — a pattern consistent with the interpretation here.
Key Figures at a Glance
- Total FARTCOIN liquidated: 65.05M tokens
- Total USD value: $12.93M
- Wallets affected: 7
- Timeframe: Under 5 minutes
- Event timestamp: August 23, 2026, ~07:15 UTC
Data sourced from Lookonchain on-chain monitoring.
Frequently Asked Questions
How much FARTCOIN was liquidated in this event?
A total of 65.05 million FARTCOIN tokens, valued at $12.93 million, were liquidated across seven wallets within a five-minute window on August 23, 2026.
What caused the FARTCOIN liquidation cascade?
No confirmed cause is available from the verified data. The signal interpretation suggests a sudden price move triggered multiple leveraged positions simultaneously, consistent with a cascading liquidation event near clustered price thresholds.
Which wallets were affected by the FARTCOIN liquidations?
Seven wallets were confirmed: 0xc4dc85e76f2b12e106315d18300e0c98b43bdd55, 0x686706694213cc9c6fae44565d9dbefc6a39f0a9, 0x7971e1fe68e4f6761a64dfaead619715bb5f7d31, 0xc7d1113f2c8fc4d39d1ec3fc37644f2699adbfad, 0x387a3773f798f45601c498737020f6804c53530e, 0x24116735823ae84cabc385492a9eea68c2eeb24c, and 0x6710b7f4432575bfd1fe8aa57b829991e3ab48d2.
Source: Lookonchain · Published by CoinsProbe Markets Desk
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