Asia Chip Rout Triggers $800M in Crypto Liquidations, SanDisk Tokens Hit Hard
Leveraged bets on chip stocks and SanDisk tokens faced massive liquidations amid Asia's semiconductor downturn.
Leveraged bets on chip stocks and SanDisk tokens faced massive liquidations amid Asia's semiconductor downturn. XRP (XRP) is trading at $1.37. This is an original Token Times brief based on reporting by CoinDesk, with live market data added, as of Tue, 13 Oct 2026 07:15:01 UTC.
The incident highlights the growing interconnectedness between traditional equities and crypto markets, particularly in tech sectors, and the risks of leveraged trading during market volatility.
- Over $800M in crypto positions liquidated in 24 hours, 86% bullish.
- Chip stock and SanDisk token bets suffered major losses.
- Market remains flat despite significant liquidation event.
A massive wave of liquidations swept through the crypto market, with over $800 million in leveraged positions wiped out in the past 24 hours. According to CoinDesk, 86% of these liquidations were from bullish bets, indicating a significant downturn in sentiment.
The most affected sectors were chip stocks and related tokens, particularly SanDisk. This suggests that the recent downturn in Asia's semiconductor market had a ripple effect on crypto markets, causing substantial losses for traders who were betting on tech stock recovery.
Despite the large-scale liquidations, the overall crypto market remained relatively stable. This could be due to the diversified nature of the market, which mitigated the impact of the losses.
The 
XRP token, for instance, experienced a 2.65% drop in the last 24 hours, trading at $1.37, while its 7-day performance shows a more pronounced decline of 8.28%. This indicates that while the liquidation event was significant, it did not drastically impact major cryptocurrencies.
The broader market sentiment, as measured by the Fear & Greed Index, remains in 'Greed' territory at 57, suggesting that the market is still optimistic despite the recent volatility.
Since this brief published about 2 hours ago, XRP (XRP) has moved from $1.37 to $1.37 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₹142.48 (about $1.37), down 2.9% over 24 hours. The rupee itself trades about 8.4% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Asia Chip Rout Triggers $800M in Crypto Liquidations, SanDis — questions & answers
What caused the $800M in crypto liquidations?
The liquidations were primarily triggered by the downturn in Asia's semiconductor market, affecting chip stock and SanDisk token bets.
How did XRP perform during the liquidation event?
XRP dropped 2.65% in 24 hours and 8.28% over the past week, indicating some impact but not as severe as other assets.
What is the current state of the crypto market?
The total crypto market cap is $2.88T, with the market remaining relatively flat despite the significant liquidation event.
How much is 1 XRP worth in rupee today?
About ₹142.48 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.37. The rupee price moves with both XRP's US-dollar price and the USDT/INR rate; use our XRP in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CoinDesk. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.