What changed
About $800 million in leveraged positions were wiped out over 24 hours, 86% of them bullish Tokenized SanDisk bets saw more liquidations than XRP as Asia’s chip rout wipes out $800 million Chip-stock contracts on crypto exchanges took a chunk of the damage
Why it matters
Exchange operations around XRP can change volatility, liquidity, or sentiment. The concrete detail to watch is about $800 million in leveraged positions were wiped out over 24 hours, 86% of them bullish
Trading lens
Use this as constructive context from coindesk.com. Watch whether tokenized SanDisk bets saw more liquidations than XRP as Asia’s chip rout wipes out $800 million confirms momentum, invalidates active bias, or changes timing.