As the crypto market undergoes an uptrend, altcoins are behaving unusually, recording a total liquidation of nearly $200 million in the last 24 hours. The liquidation is led by two recently popular tokens BIGTIME and ORDI.
According to data from Coinglass, at the time of writing, the cryptocurrency market recorded a total liquidation of approximately $250 million in the last 24 hours.
Excluding BTC liquidation, this represents an amount of over $200 million, dominated by ETH, ORDI and BIGTIME.
Liquidation of Crypto Assets – Coinglass
ORDI is the native token for the Ordinals protocol, which issues inscription NFTs on Bitcoin. The token has surged over 25% in the last 24 hours, resulting in over $14 million in liquidation on its futures markets.
Likewise, BIGTIME has surged over 40% in the last 24 hours, resulting in the liquidation of more than $12 million worth of futures. It is a native token for an online RPG game. Both tokens recorded the highest futures liquidation after BTC and ETH.
Also Read: Over $180 Million in Shorts Liquidated in 24 Hours as BTC Hits $42,000
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