The XPL token experienced a sharp 20% price drop on November 1, triggered by the liquidation of $24.49 million in positions within a single hour. Nearly all liquidations were from long positions, totaling about $24.31 million, while short positions accounted for only $180,500. This massive sell-off caused the token's price to fall to $0.0727 and its market capitalization to shrink to $408 million. The dominance of long position liquidations highlights a significant market shift during this period, signaling potential volatility ahead for investors.
The XPL token's sharp 20% drop and $24.5 million liquidation event provide context for market conditions. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 01, 2026 12:01 WIB: Among 50 major cryptos, 28 rose and 21 fell. TRX declined 6.62% to Rp5.547 with 81% sell orders, while EGLD and COTI gained 5.35% and 5.05% to Rp62.373 and Rp184, supported by 74% and 98% buy orders respectively. Typical hold times ranged from 76 to 122 days across these assets.
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