FOGO experienced a dramatic 550% surge on Hyperliquid on December 25, driven by on-chain trading signals. This rapid price movement resulted in $1.49 million in short liquidations within just 15 minutes. A strategically timed long position, established via TWAP seven hours prior, capitalized on the volatility, securing a $500,000 profit in just 30 minutes through ADL.
Meanwhile, a separate wallet's attempt to short FOGO during the rally ended in a swift liquidation, resulting in a $100,000 loss in USDC within 10 minutes. The event highlights the potential rewards for aggressive traders in the volatile crypto market.
FOGO Jumps 550% on Hyperliquid, Triggers $1.5M in Liquidations
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