A risk of $8.84 million in liquidations is looming for $XRP !
More than a thousand positions on the Morpho lending protocol are at risk.
If the price of $XRP drops by just another 10%, it will automatically trigger the forced liquidation of 1,070 accounts, totaling $8.84 million. Such a sell-off of collateral could put additional pressure on the market.
Will borrowers hold on to their collateral, or are we in for another wave of liquidations?
#xrp #Ripple #defi #BinanceSquare
More than a thousand positions on the Morpho lending protocol are at risk.
If the price of $XRP drops by just another 10%, it will automatically trigger the forced liquidation of 1,070 accounts, totaling $8.84 million. Such a sell-off of collateral could put additional pressure on the market.
Will borrowers hold on to their collateral, or are we in for another wave of liquidations?
#xrp #Ripple #defi #BinanceSquare
