Tokenized SanDisk bets saw more liquidations than XRP as Asia’s chip rout wipes out $800 million
Summary
A sharp decline in Asian semiconductor stocks triggered roughly $800 million in leveraged crypto liquidations over a 24-hour period. The majority of these erased positions were bullish bets. Tokenized SanDisk contracts accounted for a significant portion of the total market losses, surpassing XRP in liquidations.
About $800 million in leveraged positions were wiped out over 24 hours, 86% of them bullish. Chip-stock contracts on crypto exchanges took a chunk of the damage.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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