David Vance

Million

<figure><figcaption> Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a></figcaption></figure>Chinese crypto journalist and blogger Colin Wu has tweeted that over the last 24 hours, after <a href="https://u.today/xrps-momentum-fades-as-price-plunges-16" rel="noopener noreferrer nofollow">XRP plunged by 13%</a>, traders began to liquidate their positions. Ultimately, the XRP fall extended to approximately 17%. He shared data provided by CoinGlass.As they began to close positions, a total of $218 million worth of crypto liquidations and sharp price falls of such major altcoins as ADA, LTC, XLM, MKR, FTM, BSV were registered.Among these liquidations, $160 million constituted long positions in those coins.<blockquote class="twitter-tweet">XLM has fallen by 13.5% in the last 24 hours; XRP has fallen by 13% in the last 24 hours; ADA FTM BSV LTC MKR has also fallen sharply; the amount of liquidation in 24 hours reached 218 million US dollars, and 160 million US dollars was long liquidation. <a href="https://t.co/YQ6p9AZeYG" rel="noopener noreferrer nofollow">https://t.co/YQ6p9AZeYG</a>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1680008922722365440?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 15, 2023</a></blockquote><a href="https://www.tradingview.com/chart/3lWxXcMJ/?symbol=BITSTAMP%3AXRPUSD" rel="noopener noreferrer nofollow">XRP price peaked</a> by roughly 100% after judge Analisa Torres announced a verdict, stating that XRP is not a security as the SEC insisted.The court ruled that the XRP sold by <a href="https://u.today/ripple-cto-missed-out-on-this-stock-following-xrp-ruling" rel="noopener noreferrer nofollow">Ripple</a> to financial institutions directly are to be classified as securities. However, programmatic sales and other sales made by Ripple are not. Now, the community is pondering whether Ripple's ODL sales and XRP releases from escrow are securities as well or they are not.<a href="https://u.today/rich-dad-poor-dad-writer-says-buy-bitcoin-as-us-debt-ceiling-gets-removed" rel="noopener noreferrer nofollow">card</a>Ripple CTO David Schwartz responded to that question on Twitter, saying that <a href="https://u.today/xrp-retains-64-growth-when-will-massive-rally-cool-off" rel="noopener noreferrer nofollow">Ripple</a>'s legal team is looking into that issue now.By now, the price of XRP has recovered nearly 6%, trading at $0.72193.

$218 Million USD in XRP, XLM, ADA Liquidated as XRP Falls 17%

U.Today

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