$2.2 Billion Wiped Out as XRP and Other Altcoins Collapse
2025-02-03
Category: None

According to data provided by crypto analytics platform CoinGlass, a whopping $2.21 billion worth of crypto has been liquidated over the past 24 hours. 
Long positions account for the overwhelming majority of the wipeout ($1.87 billion). 
Global trading platform Binance is first based on the amount of liquidations. 
The Ripple-affiliated XRP token is down nearly 25% over the last 24 hours, becoming the worst-performing cryptocurrency in the top 10 alongside Dogecoin DOGEUSD and Cardano ADAUSD.
Some other major tokens, including Ethereum ETHUSD and BNB, have also recorded double-digit losses. 
Apart from stablecoins, not a single top 100 cryptocurrency is in the green. 