Jun 03, 2026

Crypto Selloff Wipes $1.6B in Longs, XRP Validator Speaks

TLDR Crypto markets recorded $1.8 billion in liquidations within 24 hours. Long positions accounted for $1.6 billion of the total losses. The selloff marked the largest single-day liquidation since February 5. Major cryptocurrencies in the top 10 fell between 2% and 6%. XRP validator Vet reacted to the $1.6 billion long wipeout on X. A [...]

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