"Trump's Crypto Surge: XRP, SOL Face $650M Liquidation Threat"
1min read In the first week of March, the crypto market witnessed significant volatility, with unexpected news from President Trump, including plans to include altcoins in US crypto reserves and new tax policies, influencing capital flows. As a result, liquidation volume surged to $1 billion.
Liquidation maps for several altcoins indicate an imbalance, signaling the potential for major liquidations. Here are three altcoins that could trigger significant liquidations in the first week of March:
XRP (XRP)
The 7-day liquidation heatmap for XRP suggests that if the price drops below $2, total long liquidations could exceed $215 million. Traders are leaning more towards long positions on XRP rather than shorting it. As of now, XRP is trading around $2.33 after a 20% decline since March 3.
Whale Alert reported that on March 3, 500 million XRP was unlocked from escrow. This happened right after President Trump announced that XRP would be part of the US crypto reserve. Additionally, on-chain investigator ZachXBT revealed that Ripple co-founder Chris Larsen still holds over 2.7 billion XRP (worth $7.18 billion). Addresses linked to him moved over $109 million worth of XRP to exchanges in January 2025.
These developments could raise concerns and potentially trigger a liquidation event.
Solana (SOL)
The 7-day liquidation heatmap for Solana (SOL) indicates that long liquidations could surpass $437 million if SOL drops to $120. This would mark an additional 11% decline from its current price of $136.3.
On-chain tracking account Lookonchain recently reported that a wallet linked to FTX/Alameda, holding 3.03 million SOL (worth $431 million), has begun transferring SOL to Binance.
“Of the 3.03 million SOL ($431.3 million) unstaked by FTX/Alameda today, 24,799 SOL ($3.38 million) has been deposited to Binance,” Lookonchain reported.
Although the amount transferred to Bin 