LAUNCHCOIN price surge causes cryptocurrency trading companies to lose $4 million
Source: CoinWorld
Time: 2025-09-09 14:46:16
LAUNCHCOIN surged nearly 60% in early trading to $0.132, triggering liquidation of market maker GSR of more than $4 million, with its various short positions in tokens being closed in a chain reaction. Amid intense speculation, trading volume soared 540% to $255 million.