XRP Loans Trigger 883 Liquidations as 4.18M Tokens Seized
A liquidation wave across XRP loan positions resulted in 883 liquidated loans, the seizure of 4.18 million tokens, and $53.5 million in outstanding debt.
XRP loan positions experienced a wave of forced liquidations, resulting in 883 liquidated loans and the seizure of 4.18 million XRP tokens, according to Coinpaper.
Following the liquidations, $53.5 million in debt remains outstanding across the affected lending positions.
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Liquidation Details
The liquidations led to the automated seizure of 4.18 million XRP tokens as collateral was triggered across 883 individual loans. Despite the asset seizures, borrowers still hold a combined remaining debt balance of $53.5 million.
Key facts
- A total of 883 XRP loan positions were liquidated.
- Seizures removed 4.18 million XRP tokens from collateralized accounts.
- Remaining debt following the liquidations stands at $53.5 million.
Source: news.google.com
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