Fartcoin, Avalanche & BNB — Asian Wrap 26 August

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Fartcoin (FARTCOIN), OKB (OKB), and Curve DAO (CRV) emerge as frontrunners in the declining market trend, with double-digit losses over the last 24 hours. The cryptocurrency market has incurred $935.44 million in liquidations over the last 24 hours, as Bitcoin (BTC) drops below $110,000 and Ethereum (ETH) slipped below $4,500 on Monday. This pullback extends the weakness from Sunday, resulting in a larger wipeout of retail leverage in the derivatives market.

Avalanche (AVAX) price hovers above its key level at $22.53 at the time of writing on Tuesday, after falling over 9% the previous day. Market participants digest Grayscale Investments’ move to file an S-1 registration with the US Securities and Exchange Commission (SEC) for the launch of the Grayscale Avalanche Trust on Monday. Strengthening on-chain metrics, such as rising Total Value Locked (TVL) and daily transactions, hint at growing…

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