Data: BSC token TUT surged over 200% in a single day, then plummeted 44% in nearly 1 hour, with a sharp increase in contract liquidation volume

The BSC ecosystem project TUT's price has fluctuated today. According to Gate's market data, its spot price has risen over 200% in the last 24 hours, currently at $0.11. In the past hour, after a rapid increase, the token quickly fell back, with a decline of over 44% in the last hour.

It is worth noting that this token has been continuously soaring recently, with an increase of over 10 times in a week. Against this backdrop, TUT contract trading has been active, and under today's significant volatility, TUT has become the cryptocurrency with the largest contract liquidation volume in the last hour. As of the time of writing, TUT has seen $34.02 million in liquidations in the last hour, with $32.78 million from short positions. Multiple short positions exceeding one million dollars have been liquidated on CEX.