BlockBeats News, July 2, Overnight, AI celebrity stocks collectively experienced a deep pullback due to the news of Meta's business pivot. The amount of stock contract liquidations surged on tradfi.

According to Coinglass data, in the past 12 hours, Micron stock contracts across the network saw long liquidations totaling $6.07 million, DRAM ETF contracts on trade.xyz saw long liquidations of $5.67 million, SK Hynix saw network-wide liquidations of over $7 million, SNDK liquidations exceeded $3 million, and the AI Leveraged ETF SOXL saw liquidations of $2.75 million.