Millions

Bitcoin

PEPE

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<p dir="ltr">The cryptocurrency market is currently faced with high liquidation, and a number of altcoins, including XRP, DOGE and PEPE, are at the center of it all.&nbsp;<a href="https://www.coinglass.com/LiquidationData">Data</a> from CoinGlass shows that 88,388 traders have suffered liquidations on their crypto holdings in the last 24 hours.</p>
<p dir="ltr">Cumulatively, their total liquidation has amounted to more than $290 million, with the largest single transaction emanating from the HTX exchange.</p>
<h2 id="millions-in-xrp-doge-and-pepe-exit-crypto-exchanges">Millions in XRP, DOGE and PEPE exit crypto exchanges</h2>
<p dir="ltr">During this time frame, the crypto industry saw the liquidation of $6.18 million worth of XRP. Precisely, XRP traders exited their long positions worth $4.94 million and their short positions worth $1.24 million. Similarly, dog-themed meme coin Dogecoin (DOGE) experienced liquidation worth $3.65 million, $2.95 in long positions and $698,480 in short positions.</p>
<p dir="ltr">A total of $2.85 million worth of PEPE also left exchanges within the last 24 hours. The withdrawal equated to $1.86 million PEPE from longs and $967,980 from shorts. Top cryptocurrencies by market cap Bitcoin and Ethereum registered liquidation of $88.01 million and $80.23 million, respectively.</p>
<p dir="ltr">It is quite obvious that the&nbsp;<a href="https://u.today/massive-170-million-liquidations-hit-crypto-market-ahead-of-fed-announcement">crypto liquidation</a> trend is becoming the order of the day. Meanwhile, a significant percentage of these liquidations came from Binance.</p>
<h2 id="ripple-releases-500-million-xrp-from-escrow">Ripple releases 500 million XRP from escrow</h2>
<p dir="ltr">The news coincided with Ripple's release of an additional&nbsp;<a href="https://u.today/massive-500-million-xrp-unlocked-by-ripple-as-xrp-gains-556">500 million XRP</a> from escrow. Notably, the San Francisco-based blockchain payments firm had earlier successfully moved approximately&nbsp;<a href="https://u.today/over-one-billion-xrp-shuffled-by-ripple-in-24-hours">1 billion XRP</a> tokens from the same source within 48 hours. The latest withdrawal, valued at a total of $281,693,718 at the time, is an addition to the other escrow holding.</p>
<p dir="ltr">In the last seven years, Ripple has consistently upheld this tradition of releasing XRP from escrow as a way of providing liquidity for the coin. Till now, the blockchain payment platform holds 4.682 billion XRP in its crypto wallets.</p>

XRP, DOGE and PEPE Take Special Hit as Liquidation Tops $289 Million

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