Ether, Solana and XRP Slide as $580M in Crypto Positions Get Wiped
A broad crypto selloff dragged Ether, Solana and XRP lower, with total liquidations hitting $580 million. ETH dropped by about 5.9%, now around $2,100, while XRP shed 7.3%. Forced closures of leveraged bets — mostly longs — drove the damage, according to The Defiant.
- Original source: cryptobriefing.com.
- The source published it on Nov 10, 2026 at 5:36 PM.
- No second outlet has reported it yet. Treat it as a single-source claim.
Ether, Solana and XRP all slid as liquidations across the market stacked up to $580 million, The Defiant reported. ETH fell by roughly 5.9%, leaving it around $2,100, while XRP dropped 7.3%. Solana joined the retreat as part of a wider selloff across major coins.
The pain came from leverage. Traders holding positions that no longer had enough collateral behind them were forcibly closed out, and a substantial chunk of those were longs — bets that prices would keep climbing. That kind of cascade tends to feed on itself: forced selling pushes prices down, which triggers more forced selling.
Attention now sits on XRP's price action, with Ripple's leadership, big institutional players, and any moves from regulators or macro policymakers all flagged as potential swing factors, per the report.
TopicsEther · Solana · XRP · Ripple · The Defiant · ETH
Source: cryptobriefing.com
Written by Paparazzi with AI. Not financial advice.
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