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CryptoMedium•24 February 2026•

1 min read

Crypto Market Sees $485M in Liquidations as XRP Trading Volume Surges 77%

A dramatic image showing a red downward trend line, a cracked cube with a Bitcoin symbol, and 'SYSTEM FAILURE -99%'. Debris, circuit boards, and broken crypto coins are scattered.

Key Facts

1A total of $485 million has been liquidated across the crypto market amid an ongoing sell-off.

The cryptocurrency market faced a significant wave of liquidations totaling $485 million amid a persistent sell-off across major digital assets. This massive exit of leveraged positions has heightened market volatility, though some altcoins showed unique resilience and increased activity. Specifically, XRP witnessed a 77% surge in trading volume following the liquidation event, indicating renewed interest or repositioning by traders. In a notable move, Ethereum co-founder Vitalik Buterin reportedly sold more of his ETH holdings, adding to the cautious sentiment surrounding the second-largest cryptocurrency. Meanwhile, Dogecoin (DOGE) is attracting technical interest as traders monitor a potential 'Golden Cross' pattern against Bitcoin (BTC). Market participants remain on high alert as these liquidations could either signal a local bottom or the continuation of a broader bearish trend.