Monday, October 12, 2026

Tokenized SanDisk bets saw more liquidations than XRP as Asia’s chip rout wipes out $800 million

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 https://www.coindesk.com/markets/2026/10/13/tokenized-sandisk-bets-saw-more-liquidations-than-xrp-as-asia-s-chip-rout-wipes-out-usd800-million

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Tokenized SanDisk bets saw more liquidations than XRP as Asia’s chip rout wipes out $800 million

About $800 million in leveraged positions were wiped out over 24 hours, 86% of them bullish. Chip-stock contracts on crypto exchanges took a...