Ethereum News Today: Crypto Market Sees $822 Million Liquidation in 24 Hours Led by ETH, SOL, XRP, SUI, SEI

In a dramatic 24-hour period, the crypto market witnessed a significant liquidation event, with over $822 million in positions being wiped out. This event was predominantly driven by the top five performing coins—Ethereum (ETH), Solana (SOL), XRP, Sui (SUI), and Sei (SEI)—which collectively accounted for over 65% of the total liquidations. The volatility and high leverage in the futures and margin markets were the primary catalysts for this market reaction, leading to a cascade of liquidations across major exchanges.

Ethereum (ETH) was the most significant contributor to the liquidation total. Known for its extensive open interest in perpetual futures, ETH saw large-scale long positions liquidated after failing to maintain key resistance levels. Traders using high leverage (10x–20x) were particularly affected, as ETH’s price retraced from its intraday highs, resulting in one of the most substantial liquidation episodes for Ethereum in recent months. Despite its robust network utility and deep liquidity, the volume of liquidated ETH positions underscored the vulnerability of even the most dominant assets in overleveraged markets.

Solana (SOL) followed closely behind Ethereum in terms of liquidation volume. Often seen as a high-yield play among altcoins, SOL experienced a sudden price reversal that led to aggressive stop-outs. Its historical speculative interest made it highly sensitive to leveraged activity. The significant number of long contracts opened in anticipation of a breakout were forcibly closed as volatility increased, resulting in millions of dollars in losses. Solana’s dynamic price action continues to make it a central figure in liquidation events, highlighting the risks associated with high-leverage trading.

XRP contributed a substantial share to the total liquidation pool. The asset faced a sharp downturn after failing to break through a long-standing resistance zone. Traders betting on a breakout were caught off guard as XRP dropped swiftly, triggering forced liquidations across both long and short positions. The liquidation impact was particularly strong on short-duration contracts. XRP’s recent trading interest, driven by its market history and legal clarity, was erased by the market pullback, reflecting its unmatched volatility profile.

Sui (SUI), a newer asset among the top five, saw one of the most remarkable spikes in liquidation activity relative to its market cap. As an innovative Layer 1 project, SUI has gained traction in speculative trading circles. However, the sharp price move during the 24 hours triggered a cascade of liquidations. Many positions were opened near local highs, only to be wiped out as the price reversed. The magnitude of Sui’s liquidation data points to elevated risk-taking behavior among traders, especially those expecting short-term upside momentum without accounting for volatility swings.

Sei (SEI) rounded out the top five, posting one of the most phenomenal liquidation ratios of the session. Like SUI, SEI has become a focus of high-frequency and high-leverage trading. The asset’s thin order books and sharp price movements created the ideal environment for liquidation triggers. As price action failed to hold above crucial levels, leveraged longs were liquidated in large volumes. Sei’s performance during the session highlights how smaller-cap, high-interest tokens can lead to unmatched liquidation spikes even on minor technical failures.

This $822 million liquidation event in 24 hours underscores the ongoing fragility within leveraged crypto ecosystems. The heavy futures exposure of ETH and SOL, combined with the major selloffs experienced by all three altcoins after failing key technical levels during high-leverage trading, demonstrates the inherent risks in such markets. The liquidation frenzy involving these top-performing coins highlights the overall weakness in high-leverage crypto trading, where even minor price movements can trigger significant losses.