A group of wallets attempted to drive Fartcoin price with a $145M long position on Hyperliquid, but the trade triggered a 50% crash in one hour, costing roughly $3 million and activating auto-deleveraging.
Crypto markets regained momentum on the back of the AI narrative, with storage tokens and AI-linked meme coins posting strong moves, though the rally still appears heavily driven by speculation.
Altcoins have fallen 45% over the past 13 months, but analysts say selling pressure is easing. Infrastructure-focused tokens such as ASTER, ARB, APTOS, and SEI could see recoveries of more than 50% if market structure improves.
FARTCOIN saw a major liquidation event after four wallets reportedly tied to one entity opened $33.3 million in long positions. The positions were wiped out within four hours, resulting in a $3.02 million loss and renewed concerns over possible market manipulation.
AI agent tokens came under broad pressure as Bitcoin’s decline triggered a sector-wide sell-off. The category lost 10.4% in 24 hours, with VIRTUALS, AI16Z, and KET posting steep weekly declines, while CHEEMS stood out with gains.
The meme coin market cap has increased by 23.96% since July 8, adding $14.15 billion to reach $73.02 billion. Top five tokens (DOGE, SHIB, PEPE, PENGU, TRUMP) account for 66.31%. Daily trading volume exceeds $6.2 billion, with DOGE alone at $2.12 billion. Meme sector represents only 1.887% of the total crypto market.
On Wednesday, the crypto market staged a vigorous rebound with total market cap rising over 9%. Bitcoin surpassed $83,000 while altcoins like FARTCOIN and XCN surged more than 40%. Trading volume jumped 62% to $178 billion.
After a volatile week, the crypto market surged 9% on Wednesday, with bitcoin crossing $83,000. Altcoins outperformed, led by FARTCOIN (up 47%). Trading volume jumped 62% to $178 billion. Bitcoin dominance remains at 62.5%.
