Tokenized SanDisk bets saw more liquidations than XRP as Asia’s chip rout wipes out $800 million

Traders betting on SanDisk (SNDK) lost more to forced liquidations over the past 24 hours than traders betting on XRP — a sign of how much leverage on crypto exchanges now sits on chip stocks. Over $800 million in leveraged positions were liquidated across 10 exchanges in the past 24 hours as bitcoin BTC $83,696.96 dropped to just under $81,000 in early Asian hours. Most of the damage came in a burst.