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Tokenized SanDisk bets saw more liquidations than XRP as Asia’s chip rout wipes out $800 million

Source: coinDesk October 12, 2026 · 22:27
Tokenized SanDisk bets saw more liquidations than XRP as Asia’s chip rout wipes out $800 million
From the publisher
About $800 million in leveraged positions were wiped out over 24 hours, 86% of them bullish. Chip-stock contracts on crypto exchanges took a chunk of the damage.
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CoinDesk

CoinDesk is an American news site specializing in bitcoin and digital currencies. Founded by Shakil Khan, the firm also provides guides to bitcoin for those new to digital currencies.

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