BSC Token TUT Experiences Anomaly, Plunges nearly 44% in less than 1 hour after Surging over 200% in a Single Day, Contract Liquidations Spike

BlockBeats News, August 9th, The BSC ecosystem project TUT experienced a price anomaly today. According to HTX, its spot price surged over 200% in the past 24 hours, now trading at $0.11. However, in the last hour, the token rapidly retraced after the accelerated rise, with a drop of over 44%.

It is worth noting that the token has seen a sustained surge recently, with a weekly gain of over 10x. Against this backdrop, TUT's contract trading is active, and today, amid significant volatility, TUT has become the coin with the largest liquidation volume in the past hour. As of the time of writing, TUT has seen $34.02 million in hourly liquidations, with short positions liquidated at $32.78 million. Multiple short positions exceeding millions of dollars on CEX have been liquidated.