Billion-dollar liquidation events have, rather annoyingly, become the norm lately. Traders, those poor souls, continue to be caught off guard by the wild swings of the market. And wouldn’t you know it, as the final week of November rolls around, a few altcoins are ready to deliver some “surprises.” Buckle up, because here we go!
These are the altcoins and the reasons they might just trigger a delightful liquidation fiesta.
1. XRP
XRP’s 7-day liquidation map is flashing warning signs like a red flag in a bullfight. If XRP reaches $2.32 this week, get ready for about $300 million worth of short positions to be wiped out. But if it plummets to $1.82, around $237 million in long positions will join the liquidation parade.
Traders who thought they had it all figured out may want to think again. Grayscale’s XRP ETF is making its debut on the NYSE on November 24, and the inflow of $422 million into US-listed XRP ETFs seems to indicate that there’s some hype left in this coin. But, wait-XRP whales, those mysterious creatures, have shifted gears from accumulating to unloading their stash. That could spell trouble for long positions and may just bring the whole thing crashing down.
These opposing forces are like the worst kind of drama in a soap opera: they promise losses for both sides. And with the derivatives market heating up, this could be the perfect storm.
2. Dogecoin (DOGE)
As if XRP wasn’t enough, Dogecoin (DOGE) is also gearing up for its Grayscale ETF launch on November 24. If you think that might pump up sentiment around the meme coin, you’re right-at least, that’s what the experts are saying.
ETF guru Nate Geraci is practically giddy about this, calling the Grayscale Dogecoin ETF (GDOG) a “monumental crypto regulatory shift.” And, in case you missed it, he’s not just saying this for fun: “GDOG might already be a top-10 ticker symbol for me.” So, there’s that.
“Grayscale Dogecoin ETF. First ‘33 Act doge ETF. Some (many) might laugh. But this is a highly symbolic launch. IMO, the best example of a monumental crypto regulatory shift over the past year. By the way, GDOG might already be a top-10 ticker symbol for me,” Geraci said.
If DOGE suddenly breaks through $0.16, short traders could face a delightful $159 million liquidation. However, as the whales (those beautiful, mysterious creatures) sold off a hefty 7 billion DOGE last month, there’s a chance that selling pressure could put a cap on the excitement or, worse yet, send it spiraling downwards.
Should DOGE dip below $0.13, brace yourselves for a potentially disastrous $100 million worth of long liquidations. Who knew a meme coin could cause such drama?
3. Tensor (TNSR)
Ah, Tensor. This coin rallied by a jaw-dropping 340% last week, only to quickly correct by 60%. Talk about a rollercoaster ride. Simon Dedic from Moonrock Capital isn’t buying the hype, claiming it’s all starting to smell like an “insider pump.” Scandalous, right?
Despite Tensor and Coinbase’s silence on the issue, analysts are pointing out that a mere 68% of the total supply is held by just the top 10 wallets. This concentration could lead to extreme volatility-both thrilling and terrifying for any trader caught in the mix.
If TNSR rises to $0.19, short liquidations could hit $6 million. However, should the price drop to $0.11, prepare for $5 million in long liquidations. With volatility like this, it’s hard to tell whether you should be worried or simply entertained.
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2025-11-25 00:33