{"id":52886,"date":"2025-10-15T02:31:30","date_gmt":"2025-10-15T02:31:30","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=52886"},"modified":"2025-10-15T02:31:30","modified_gmt":"2025-10-15T02:31:30","slug":"19-billion-bitcoin-and-crypto-wipeout-what-caused-the-xrp-price-to-crash-50-in-a-single-candle","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=52886","title":{"rendered":"$19 Billion Bitcoin And Crypto Wipeout: What Caused The XRP Price To Crash 50% In A Single Candle?"},"content":{"rendered":"
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The crypto market suffered a devastating $19 billion wipeout <\/a>as XRP and Bitcoin (BTC) were caught in a brutal sell-off that shocked traders worldwide. Within minutes, XRP wiped out over 50% of its value, dropping down<\/a> to $0.77 before partially rebounding, marking one of its steepest intraday losses in history. While early reports blamed political tensions following US President Donald Trump\u2019s sudden tariff on Chinese imports<\/a>, data now suggests that the crash was amplified by a major glitch in Binance\u2019s internal pricing system, and other contributing technical factors.\u00a0<\/p>\n

Catalysts Behind The XRP Price Crash And Crypto And Bitcoin Meltdown<\/h2>\n

Between October 10 and 11, XRP experienced<\/a> a violent flash crash on Binance<\/a>, plunging over 54% in a single 30-minute candle. In less than 24 hours, over a million traders were also liquidated. This unprecedented drop came during what analysts are now calling<\/a> \u201cthe worst crypto liquidation event in crypto history,\u201d with nearly $19.3 billion in open positions wiped out in a single day.<\/p>\n

At first, much of the blame was directed<\/a> at Trump\u2019s announcement of 100% tariffs on Chinese tech imports<\/a>, which triggered a wave of panic across global risk assets. However, the XRP and broader market collapse went far beyond normal macro-driven volatility. On-chain analysts traced<\/a> the sequence to a $60 million spot market dump on Binance, which set off an internal pricing malfunction<\/a>. Binance\u2019s oracle system, which marks collateral values such as wBETH, BNSOL, and USDe, momentarily failed, possibly leading to forced liquidations across XRP and other major crypto assets.\u00a0<\/p>\n

\"Bitcoin\"<\/p>\n

This oracle mispricing allegedly turned a $60 million order into a $19 billion loss. XRP, being one of Binance\u2019s most heavily leveraged assets, absorbed a significant amount of the impact as margin calls liquidated thousands of positions within minutes. A whale had reportedly opened<\/a> $1 billion in short positions just before the Trump tariff announcement, adding more suspicion and fuel to the collapse. Binance later confirmed abnormal pricing and paid<\/a> $283 million in restitution, but the damage to XRP and the broader market was already done.\u00a0<\/p>\n

A Deeper Dive Into The Market-Wide Crash<\/h2>\n

Analysts say<\/a> that the root cause of the $19 billion crypto market crash was Binance\u2019s \u201cUnified Account\u201d system, which priced collateral using internal data instead of decentralized oracles. Between October 6 and 14, Binance was transitioning to oracle-based pricing, creating an exploitable 8-day gap. During that period, coordinated actors reportedly dumped $60 million to $90 million in USDe exclusively on Binance, driving its price to $0.65 while it stayed near $1 on other exchanges.<\/p>\n

This artificial depeg within Binance\u2019s system triggered widespread panic, as attackers were said to hold $1.1 billion in Bitcoin and Ethereum shorts on decentralized exchanges, profiting about $192 million as prices plunged. Analysts noted that Ethena\u2019s USDe<\/a> remained fully collateralized on all other exchanges, proving that the issue allegedly stemmed from Binance\u2019s infrastructure, not the stablecoin.\u00a0<\/p>\n

The combination of technical flaws, alleged manipulation<\/a>, and tariff-driven fear transformed a contained exploit into a market-wide catastrophe. Despite the chaos, analysts remain cautiously optimistic about XRP\u2019s recovery<\/a>, predicting a strong rally to new ATHs soon.<\/p>\n

\"XRP\"<\/div>\n","protected":false},"excerpt":{"rendered":"

The crypto market suffered a devastating $19 billion wipeout as XRP and Bitcoin (BTC) were caught in a brutal sell-off that shocked traders worldwide. Within minutes, XRP wiped out over 50% of its value, dropping down to $0.77 before partially rebounding, marking one of its steepest intraday losses in history. While early reports blamed political […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-52886","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52886"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52886\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}