BSC Token TUT Experiences Anomaly, Plunges nearly 44% in less than 1 hour after Surging over 200% in a Single Day, Contract Liquidations Spike

August 9th, The price of TUT, a BSC ecosystem project, experienced a significant price movement today. According to HTX price data, its spot price surged over 200% in the past 24 hours, now trading at $0.11. However, in the past hour, the token quickly retraced after the rapid rise, with a price drop of over 44%.

It is worth noting that the token's contract was highly active in trading, and under the significant volatility, TUT has become the largest liquidation amount token in the past hour. At the time of writing, TUT's liquidations in the past hour reached $34.02 million, with short liquidations totaling $32.78 million. Several million-dollar short positions on CEX were liquidated.