Crypto Catastrophe: Shiba Inu Burn Rate Plunges 99% Amidst Largest Liquidation Ever!
The cryptocurrency market recently experienced its largest liquidation event in history, seeing over $19 billion liquidated and impacting millions of traders. Amidst this crash, Shiba Inu's burn rate plummeted by over 99%, and its price fell significantly, though trading volume surged.David Isong • Crypto • 8 months ago • 1 minute read •
The cryptocurrency market recently experienced its largest liquidation event in history, with a massive $19.38 billion in positions liquidated within a 24-hour period. This unprecedented crash, which occurred around October 10, 2025, saw a staggering 1,674,361 traders affected. CoinGlass, a prominent crypto data platform, characterized this event as unparalleled in scale, noting that the actual total liquidation amount could be even higher given reporting limitations.
Among the individual liquidations, a single ETH-USDT position on Hyperliquid stood out as the largest, valued at an astonishing $203.36 million. The severity of the market downturn prompted Conor Grogan, a director at Coinbase, to declare it the
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