{"id":59117,"date":"2025-09-09T06:44:26","date_gmt":"2025-09-09T06:44:26","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/launchcoin-price-pump-leads-to-4m-loss-for-crypto-trading-firm\/"},"modified":"2025-09-09T06:44:26","modified_gmt":"2025-09-09T06:44:26","slug":"launchcoin-price-pump-leads-to-4m-loss-for-crypto-trading-firm","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/launchcoin-price-pump-leads-to-4m-loss-for-crypto-trading-firm\/","title":{"rendered":"LAUNCHCOIN price pump leads to $4m loss for crypto trading firm"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/launchcoin-price-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/launchcoin-price-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/launchcoin-price-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/launchcoin-price-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Launch Coin on Believe price rose suddenly, jumping 60% to highs of $0.118.<\/li>\n<li>Gains saw a surge in liquidations, with crypto trading firm.<\/li>\n<\/ul>\n<p>Launch Coin on Believe (LAUNCHCOIN) price surged nearly 60% in early trading on Tuesday, with the altcoin\u2019s sudden pump leading to significant losses for shorts.<\/p>\n<p>The token\u2019s rapid price increase also triggered a cascade of liquidations, with on-chain data showing a liquidity provider suffered losses of over $4 million.<\/p>\n<h2>Launch Coin on Believe price sees sudden 60% pump<\/h2>\n<p><a href=\"https:\/\/coinjournal.net\/news\/market-at-war-with-itself-why-crypto-is-ignoring-a-massive-wall-street-rally\/\">Cryptocurrencies<\/a> like Worldcoin and MYX Finance are riding bullish news to top gainers charts over the past 24 hours. Meanwhile, small cap token LAUNCHCOIN is also attracting social chatter.<\/p>\n<p>As noted, the Launch Coin on Believe price experienced a sharp price surge amid a nearly 60%\u00a0 spike. Trading around $0.076 in early deals during the Asian session, LAUNCHCOIN suddenly pumped to $0.132.<\/p>\n<figure id=\"attachment_334787\" aria-describedby=\"caption-attachment-334787\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-334787\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/09\/LAUNCHCOINUSDT_2025-09-09_09-05-21.png\" alt=\"\" width=\"1057\" height=\"571\"\/><figcaption id=\"caption-attachment-334787\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/LAUNCHCOINUSDT\/\" target=\"_blank\" rel=\"noopener\">LAUNCHCOIN chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>This sudden jump accounted for a 60% rise that hit many traders betting on a continued consolidation or downturn.<\/p>\n<p>With intense buying pressure, driven by speculative trading and potential market manipulation, LAUNCHCOIN saw its daily trading volume skyrocket.<\/p>\n<p>According to CoinGecko, the rapid ascent pushed volume on centralized crypto exchanges such as LBank and Bitget 540% up, and stood around $255 million in 24 hours.<\/p>\n<p>The more than fourfold increase in volume from the day before attests to the sharp uptick in market activity.<\/p>\n<h2>$4 million loss amid cascade of liquidations<\/h2>\n<p>While buyers celebrated the meteoric price surge, LAUNCHCOIN\u2019s gains saw a notable market player suffer significant losses.<\/p>\n<p>According to analytics account Lookonchain, a wallet linked to the market maker GSR suffered one of the biggest losses as the token\u2019s price rose.<\/p>\n<p>The wallet, shown to have been hedging a short position on LAUNCHCOIN, was fully liquidated. It meant a loss equivalent to $4 million as GRS Market\u2019s other positions saw a cascade of liquidations on decentralized exchange Hyperliquid.<\/p>\n<p>As liquidation on LAUNCHCOIN\u2019s gains hit the leveraged positions betting against a price increase, other positions too were wiped out. Lookonchain notes GRS Market\u2019s other short positions caught in the carnage included Mantle, Popcat, Chainlink and Lido DAO.<\/p>\n<blockquote>\n<p>\u201cThe liquidation of #GSRMarkets\u2019 short position triggered a domino effect, wiping out their other shorts on $MNT, $POPCAT, $LINK, and $LDO, and zeroing out the account,\u201d Lookonchain <a href=\"https:\/\/x.com\/lookonchain\/status\/1965239019148869978\" target=\"_blank\" rel=\"noopener\">posted<\/a>.<\/p>\n<\/blockquote>\n<p>LAUNCHCOIN\u2019s price currently hovers around $0.091, slightly off its intraday high. The $0.08 level, above which bulls took charge for the spike, is likely to be critical if price falls further.<\/p>\n<p>As LAUNCHCOIN looks for a decisive move, analysts say the event highlights how the cryptocurrency trading market can offer opportunity but also be a brutal arena with fortunes shifting in an instant.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/launchcoin-price-pump-leads-to-4m-loss-for-crypto-trading-firm\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Launch Coin on Believe price rose suddenly, jumping 60% to highs of $0.118. Gains saw a surge in liquidations, with crypto trading firm. Launch Coin on Believe (LAUNCHCOIN) price surged nearly 60% in early trading on Tuesday, with the altcoin\u2019s sudden [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":59118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/59117"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=59117"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/59117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/59118"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=59117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=59117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=59117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}