TUT Surges 200% Then Plummets 44%, Triggering $34M in Liquidations

BSC project TUT spiked 200% before dropping 44% in an hour, generating $34.02M in liquidations dominated by long positions.

Woofun AI data shows that TUT, a BSC ecosystem project, experienced extreme volatility on August 9. HTX market data indicates the spot price climbed over 200% within 24 hours to reach $0.11. Following this surge, the token dropped more than 44% in the subsequent hour. This volatility resulted in $34.02 million in contract liquidations during that single hour, making TUT the asset with the highest liquidation volume. Long positions accounted for $32.78 million of these liquidations, including multiple multi-million dollar positions on CEX platforms.