- Over $344M liquidated, impacting XRP, BTC, ETH prices.
- Larsen sold over 106M XRP.
- Significant Bitcoin accumulation amid price dip below $90K.
Over $344M in crypto positions were liquidated due to major XRP executive sell-offs and BTC whale activity. The majority affected long positions, with XRP, BTC, and ETH facing rapid price corrections, highlighting the influence of large-scale sales and market shifts.
Chris Larsen’s significant XRP sales and a major Bitcoin acquisition have triggered over $344 million in crypto liquidations, impacting XRP, BTC, and ETH.
Ripple’s Chris Larsen’s massive XRP sales and Bitcoin whale activity contribute to liquidations, influencing crypto volatility and market reactions.
Blockchain data confirms over $344 million in liquidations, with XRP and Bitcoin experiencing dramatic shifts. Ripple’s Chris Larsen executed large XRP transactions, aligning with market peaks, potentially indicating calculated market timing. As Larsen remarked,
“My sales consistently coincide with XRP price peaks, indicating a pattern of market timing.”
A Bitcoin whale, dubbed “Spoofy,” seized over $340M in BTC during a price drop below $90,000, causing further volatility. XRP dropped over 17% as Ethereum saw unstaking queues rise, indicating a complex market dynamic spurred by significant player maneuvers and sales. Historical patterns involving large-scale sales and whale activities often lead to sharp market corrections and increased volatility.
Expert analyses suggest future market instability if similar actions persist amid volatile crypto landscapes. More insights can be found in the crypto market report detailed by financial analysts.
About the author
AI Key to Web3 Competitiveness, Says Gate CEO
Gate.io's CEO Dr. Han states AI will drive Web3's future, enhancing usability and integration.
Binance Initiates First Alpha Box Airdrop Event
Binance launches Alpha Box airdrop, starting at 18:00 UTC, requiring 242 points minimum.
Hong Kong SFC Introduces New Virtual Asset Regulations
Hong Kong's Securities and Futures Commission, led by CEO Julia Leung Fung-yee, announced new virtual asset regulations at Consensus 2026, introducing margin financing and perpetual contracts for select investors.
European Parliament Endorses Digital Euro With Dual Functionality
Pasquale Tridico and 48 EU lawmakers led the February 10, 2026 move in the European Parliament to endorse a digital euro proposal with online and offline capabilities.
Galaxy Digital CEO Predicts Decline in Cryptocurrency Speculation
Galaxy Digital's Mike Novogratz anticipates a shift from speculative to institutional investments in cryptocurrency.
Crypto.com CEO Acquires AI.com for $70 Million in Crypto
Crypto.com CEO Kris Marszalek acquired AI.com for $70 million in cryptocurrency. Unverified claims of a subsequent $500 million offer arise.
Related
Oil steadies as Germany outlines IEA release triggers
Energy prices and supply risks put Germany oil reserves release in focus; analysts cite IEA/G7 rules that could add barrels and temper prices in a G7 move.
Cardano tracks 2020–2021 pattern as descending wedge forms
Analysts cite a 2020–2021 analog and a descending wedge; RSI/MACD and volume frame key levels as flows, upgrades and regulation shape Cardano price prediction.
Stablecoins gain clout as GENIUS Act cements U.S. dollar
Analysts say GENIUS Act, U.S. dollar dominance, stablecoin regulation intersect: reserve mandates, legal status and CBDC ban steer issuance to Fed oversight.
Bitcoin sees court-ordered return to Bitfinex under MVRA
BTC was returned to Bitfinex as in-kind restitution under the Mandatory Victims Restitution Act, clarifying victim status and how it interacts with forfeiture.
BNB tests $656 resistance as volume thins
BNB price rallies into $650–$660 supply on declining volume, data show rejection risk at $656; confirmation is a close above $656–$660; supports at $620–$600.
Kraken xStocks explained as Kraken clarifies xPoints
Kraken xStocks, xPoints program, token issuance are clarified under EU rules, covering 1:1 backing, mint/redeem, custody, issuer roles, and Nasdaq plans.