On April 9, according to monitoring by Coinglass and Hyperinsight, FARTCOIN gradually started to rise from April 6. Early this morning, it surged over 27% in a short period, with a total increase of 57% over the past three days, reaching a high of $0.252.

However, at 7 a.m. today, the price plummeted over 20% within five minutes, then continued to decline, with a total drop of over 26%, falling below $0.18, erasing most of the recent gains.

On-chain monitoring shows that the trading addresses involved this time closely match the team responsible for the sharp 40% crash of XPL previously, both pointing to addresses (0xBc1D) and (0x3dB). The last crash occurred on the morning of April 3, and shortly after, this team began accumulating FARTCOIN.

Their manipulation method is very similar to that of XPL on the same day: before the price started to rise, they deposited funds into Hyperliquid from multiple addresses to open high-leverage long positions; after realizing substantial floating profits, they withdrew all margin, pushing the liquidation line close to liquidation; then, they allegedly coordinated with other platforms to sell off spot holdings simultaneously, causing the spot and futures prices to collapse in tandem. #Gate广场四月发帖挑战