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Asian chip stocks' plunge triggers $800M tokenized bet liquidations, SanDisk liquidations exceed XRP
Within the past 24 hours, approximately $803 million in leveraged positions were liquidated on crypto exchanges, with 86% being long positions. Tokenized chip stock contracts suffered heavy losses due to a plunge in Asian chip stocks. Tokenized bets on the U.S. memory chip manufacturer SanDisk saw liquidations totaling $19.09 million, surpassing XRP's $18.78 million. The KOSPI index fell over 6%, and Bitcoin briefly dropped to $81,000.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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