Over $33M Worth Of XRP Shorts Liquidated In 12 Hours As Crypto Whales Go On A Buying Spree

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Benzinga

Crypto shorts have faced massive liquidation in the past 12 hours following a court ruling favoring Ripple Labs. The ruling granted a summary judgment, stating that the XRP token, which is associated with the company, is not considered a security. What Happened: Within a span of 24 hours, a staggering 80,950 traders saw their positions liquidated, resulting in a total liquidation value of $285.50 million. Astonishingly, 75% of these liquidations were short positions, data from CoinGlass reveals. Bitcoin (CRYPTO: BTC) worth $50.11 million and Ethereum (CRYPTO: ETH) amounting to $38.11 million w…

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