JCT's liquidation over the past 4 hours exceeded $7.7 million, ranking first across the entire network, with a surge increase of over 3.5 times

BlockBeats news, November 8: According to HTX market data, JCT (JACTION) experienced a sudden surge, rising over 3.5 times in the past four hours and breaking through $0.014. Additionally, funding rates for JCT on major trading platforms have sharply increased; Binance's annualized funding rate for JCT has risen to 1,050%. According to Coinglass data, JCT suffered over $7.7 million in liquidations in the past four hours, ranking first across the entire network, with short positions accounting for $6.17 million in liquidations.