JCT Rallies More Than 3.5-Fold as Liquidations Top $7.7 Million

JACTION (JCT) climbed more than 3.5-fold in four hours Sunday and crossed $0.014, while liquidations tied to the token exceeded $7.7 million. The amount was the highest four-hour liquidation total across the crypto market, placing JCT first in the marketwide ranking for that period.

Short positions accounted for $6.17 million of JCT’s liquidations. Binance’s annualized funding rate for JCT also rose sharply, reaching 1,050%. These figures describe separate parts of the event: liquidations were tallied in dollars over four hours, while the funding rate was stated at an annualized pace.

The numbers use different measures. The price multiple compares JCT with its earlier level, liquidations report the dollar value of forced position closures, and the funding figure is annualized. The marketwide comparison ranked assets by liquidation value, which put JCT ahead of other tokens during the four-hour interval. The 1,050% rate is an annualized funding measure rather than a four-hour price return.