Crypto Carnage: $1.7B Wiped Out in Market Slide as USDT Ousts XRP from Top 3

Crypto markets bled out this week as a brutal sell-off triggered over $1.7 billion in liquidations—traders got rekt while Tether quietly flipped XRP for the bronze medal. Here’s how the dominoes fell.

Blood in the streets

Leveraged positions got obliterated as Bitcoin and altcoins tanked in unison. The usual suspects—overconfident degens, overleveraged institutions—got caught with their pants down. Even ‘safe’ stablecoins saw record redemptions.

The new world order

USDT’s market cap quietly surpassed XRP’s, proving once again that in crypto, the ‘stable’ coin always wins. Meanwhile, Ripple’s legal battles finally caught up with its market position—because nothing says ‘decentralized’ like getting sued by every regulator on earth.

Silver lining?

Forget fundamentals—this is crypto. The dip will get bought, the memes will return, and someone’s about to make a fortune shilling a ‘bottom signal’ NFT collection. Just don’t ask about the underlying asset values.