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HIFI Token Soars Over 1600% Before Binance Delisting Announcement

HIFI experiences over $30 million in liquidations in 24 hours, ranking behind only BTC and ETH, as Binance announces delisting plans.

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Summary

HIFI saw more than $30.48 million in liquidations, including $9.41 million in long positions and $21.07 million in short positions, following Binance's announcement to delist the token on September 17. The token spiked to $0.90 before retreating, with a 24-hour gain peaking at 945%.

Terms & Concepts
  • Liquidation: The forced sale of an asset to cover a margin call or when a position becomes unprofitable.
  • Long Position: A trade in which an investor buys an asset in the expectation that its value will rise.
  • Short Position: A trade where an investor sells an asset they do not own, betting its value will decrease.