Home / General / The biggest crypto wipeout was led not by bitcoin, but much smaller tokens. Here’s what happened

The biggest crypto wipeout was led not by bitcoin, but much smaller tokens. Here’s what happened

More than 1.6 million traders suffered a combined $19.37 billion erasure of leveraged positions over a 24-hour period beginning Friday, Oct. 10.

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The crypto industry recently had one of its worst days ever. And while bitcoin and ether holders seem to have put some of the carnage behind them, traders of many lesser-known tokens are still feeling a lot of pain.
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Source: CNBC | Published: 2025-10-22T16:40:57Z

Credit: CNBC

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