Surpassing Even Bitcoin and Ethereum: A $44 Million Liquidation Shock in This Altcoin

With over $44 million in liquidations in the last 24 hours, TUT surpassed Bitcoin (BTC) and Ethereum to become the market’s biggest loser.

The sharp volatility in the cryptocurrency markets has resulted in heavy losses for futures traders. In particular, the massive liquidation volume occurring in the asset named TUT caught everyone’s attention, even overshadowing market giants.

According to current data shared by Lookonchain and based on CoinGlass metrics, $44.07 million worth of positions were wiped out on TUT during the last 24-hour period. This figure reached a level even higher than the sum of Bitcoin (BTC), which saw $24.96 million in liquidations, and Ethereum, which experienced $18.41 million in losses during the same timeframe. Total liquidations across the overall market reached $170.68 million.

TUT Storm in the Crypto Market: Millions of Dollars Evaporate

Specifically, a single TUT trade worth $3.32 million on the Bitget exchange was recorded as the day’s largest individual liquidation.

This extraordinary activity in the TUT asset once again highlighted the importance of risk management in the crypto world, while also demonstrating just how high volatility can be in the altcoin markets.