Mmastodon BusinessCrypto first seen 12 h ago, last 12 h ago, peak #4

Tokenized SanDisk Bets Outrank XRP in $800 Million Crypto Liquidation

Original: Tokenized SanDisk Bets Outrank XRP in $800 Million Liquidation Event Over $800 million in leveraged crypto positions wer

Over $800 million in leveraged cryptocurrency positions were liquidated after a semiconductor stock selloff pushed Bitcoin below $81,000. Unusually, bets tied to tokenized SanDisk shares ranked ahead of XRP among the wiped-out positions, highlighting how tokenized traditional equities are now entangled with crypto market volatility and cross-market risk.

Why now: An unusual mix of a tech-stock selloff and crypto liquidations, with tokenized SanDisk exposure outranking a major altcoin, caught traders' attention.

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Evidence

• Tokenized SanDisk Bets Outrank XRP in $800 Million Liquidation Event Over $800 million in leveraged crypto positions were liquidated as a semiconductor stock selloff pushed Bitcoin below $81,000. https:// newisty.com/blog/tokenized-san… · newisty

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