Liquidation hit a yearly high while the protocol’s founder looks for a way out.has struggled to become a high-ranking cryptocurrency per its price. Moreso, the cryptocurrency had not been able to significantly pull itself out of anguish lately, despite its high market capitalization.Despite that, the native cryptocurrency of the decentralized blockchain-based operating system lost 7.43% in the last 24 hours.
Furthermore, the TVL was not the only casualty that felt the aftereffect of the SEC label. According to Coinglass, long-positioned traders also followed suit.were as high as $2.09 million. Interestingly, $1.96 million out of this occurred within 12 hours as the development caught traders by surprise.
This wipeout was one that had not been recorded in a long while. A close examination of the data revealed that long liquidations on 22 March were $1.22 million. However, TRX’s brief recovery seemed to have lowered the number at press time. And unfortunately, shorts who were late to the party have been handed the agony baton.
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Source: CryptoAmb - 🏆 22. / 68 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »