You Won’t Believe How SOL, XRP, and DOGE Pulled Off a Post-Liquidation Comeback!

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What you might want to know, unless you’re busy binging Seinfeld reruns:

  • Crypto got absolutely walloped after U.S. decided, hey, let’s stir the pot in Iran!—Solana, XRP, and Dogecoin looked like they’d just seen their mother-in-law move in for a month. But hey, somehow, they bounced back.
  • Over $1.2 billion in crypto liquidations disappeared faster than my patience at a pretzel stand line—Bitcoin and Ethereum were the biggest losers.
  • Analysts say, “Oh, don’t worry, this is fine, it’s only localized!”—you know, like when you tell your wife the flooding’s just “a little water” in the basement.

Picture this: Crypto traders, panic selling like they just found a spider in their shoe. All triggered by the U.S. smacking Iran’s nuclear spots. Of course, everyone’s forced to liquidate—because nothing says “fun weekend” like involuntary margin calls.

Solana, XRP, Dogecoin—they were the kid at camp who gets dumped in the lake, but they’re starting to swim again. All those risky bets? Kaput. Now we’re back to spot buying, probably by that cousin who says they’re “just dabbling.”

Liquidations are taking a breather (wish my in-laws would)

Last 24 hours? $642 million in liquidations. Add Saturday’s $595 million, and surprise: we’re way past the billion dollar “ouch” threshold.

Bitcoin? Liquidated to the tune of $230 million. Ethereum: $188 million—ouch, but not as bad as promising to help someone move. SOL at $28 million, XRP $21 million, DOGE over $25 million—everyone’s taking a bath here.

FYI for the non-traders: “Liquidation” is just a fancy way to say, “the casino threw you out because your credit ran out”—you leveraged too much, the market turned, and now you’re out, pantsless, clutching your last NFT.

Usually, when liquidations cascade, it means the market has gone so nuts in one direction that it might actually stop and reverse. Like when everyone’s running to the exit and suddenly realizes, “Wait, there’s a second door?”

So this mess started Saturday night, thanks to Trump confirming strikes on Iran’s uranium playgrounds. But Monday rolls around and—miracle of miracles—Bitcoin is back at $101,237. Ether’s lounging at $2,236. SOL at $133, XRP above $2, DOGE basically party-crashing at 15 cents.

Losses still there on the chart—can’t just sweep that under the rug—but you see dip buyers jumping in like it’s a Black Friday sale and someone’s giving away free socks. Some tokens are rebounding faster, thanks to “institutional flows” and “use cases”—because nothing pumps a coin like another ambiguous use case, am I right?

Altcoins refuse to stay down (like me after I stepped on gum at the beach) 🦶

Eugene Cheung of OSL wisely points out that everyone’s obsessed with Bitcoin’s wild ride, but look—altcoins, showing “divergent strength.” Yeah. Like the kid who learned to ride a bike, promptly hit a mailbox, but got back up anyway.

Ethereum’s apparently still hot, thanks to all the ETF hoopla. Solana and the other Layer 1s are getting love for network activity, developer buzz, you name it—if there’s hype, they’ve got it. Basically, it’s the “everyone gets a trophy” market.

Others are saying, “Don’t get your knickers in a twist, it’s all localized!” That’s the vibe—the bigger market isn’t panicking… yet. I’m sure oil prices will remain calm if the Strait of Hormuz gets spicy. Totally calm. Yep. 😊

Nick Ruck at LVRG Research thinks Iran has to do “just enough” to not look weak, but not so much that everything gets real messy. So, you know, just your average high-wire act with everyone watching, no pressure.

one minute you’re king, next minute you’re in the doghouse. But don’t worry. There’s always another rebound—unless you’re still holding your Beanie Babies. You’re on your own there. 🐶💸

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2025-06-23 09:22