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Over $980M Wiped Out in 24 Hours as XLM, IP, and XRP Face Massive Liquidations.

The cryptocurrency market was hit by a sharp drop in the last 24 hours, wiping out more than $980 million worth of leveraged wagers. Among the worst-hit assets are Stellar (XLM), Story (IP), and Ripple (XRP). These three tokens—each dominant in their respective blockchain niche—experienced breathtaking losses as investors desperately closed out positions with falling prices and soaring volatility. Market watchers observed an unusual surge in liquidations that cut across both long and short positions, constituting one of the fiercest one-day shakeouts in months.

Stellar (XLM) Faces Groundbreaking Liquidation Spike Amid Macro Uncertainty

Stellar (XLM) led the sell-off with one of the most severe liquidation levels recorded on major exchanges. In the span of a few hours, XLM’s price plunged below key technical support, triggering automatic closures of leveraged positions. This fall coincided with global investor anxiety around inflation and interest rates, which has made risk assets increasingly vulnerable. XLM’s decline was particularly steep given its previously strong position among cross-border payment tokens.

Analysts noted that the coin’s failure to hold above its 30-day moving average made it a prime target for algorithm-driven liquidations. The correction raises broader concerns about investor confidence in Stellar’s utility-driven narrative, especially as competition intensifies in the payments blockchain sector.#Write2Earn #AltcoinSeasonLoading #TradingStrategyMistakes #CPIWatch $XLM