– XRP’s 4,455% liquidation spike causes $8.14M bullish loss – XRP drops from $3.05 to $2.88 in sudden reversal – Traders shift focus to Bitcoin Hyper, Maxi Doge, and Aster – Bitcoin Hyper raises $22.6M with Layer 2 scaling solution – Maxi Doge offers 120% staking APY and meme-driven liquidity – Aster boasts $3.47B market cap and MEV-free trading
XRP Liquidation Spike: A sudden 4,455% increase in XRP's hourly liquidation led to $8.14M in bullish bets being wiped out. This drop saw XRP's price fall from $3.05 to $2.88, impacting market sentiment.
- The liquidation imbalance was primarily due to overleveraged long positions, resulting in nearly $25M lost in 24 hours.
- XRP fell from the top three cryptocurrencies by market cap, overtaken by BNB.
- Investors are shifting focus to other trending cryptocurrencies with potential momentum.
Alternative Investment Opportunities:
1. Bitcoin Hyper (HYPER)
- A Layer 2 solution for BTC, offering speed and low fees.
- Raised $22.6M with a presale token price of $0.013085.
2. Maxi Doge (MAXI)
- A meme coin with strong community engagement, leveraging the current meme coin trend.
- Token priced at $0.000261, offering 120% staking APY.
3. Aster (ASTER)
- A decentralized exchange providing MEV-free trading across multiple networks.
- Market cap of $3.47B and strong volume-to-market capitalization ratio.
Note: The crypto market is volatile; conduct thorough research before investing.