MMT briefly surged to $4.20 before falling back, with total liquidations exceeding $100 million within four hours.

According to market data, Momentum (MMT) surged after opening, briefly breaking through $4.20, before quickly falling back to its current price of $2.69. Coinglass data shows that in the past four hours, the total liquidation amount for MMT contracts across the network reached $109 million, of which approximately $102 million was short positions and approximately $7.45 million was long positions.