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The Kobeissi LetterOct 12, 2025 at 12:59 am
This was an unprecedented liquidation event: Amid the crypto crash yesterday, $XRP erased a whopping -50% of its market cap in 30 MINUTES. At 4:50 PM ET, $XRP was worth $161 billion. By 5:20 PM ET, $XRP was worth $80 billion. What happened to XRP?It's official: Crypto just saw its LARGEST liquidation event in history with 1.6 MILLION traders liquidated. Over $19 BILLION worth of leveraged crypto positions were liquidated in 24 hours, 9 TIMES the previous record. Why did this happen? Let us explain. (a thread)
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WasimOct 12, 2025 at 12:46 am
Hey guysHot take just like meggs
Most people sleep on infrastructure tokens and miss the real alpha Take $ARB for example Highest TVL among all L2s Real revenue streams Growing developer ecosystem but somehow everyone is chasing hype instead of real utility If you lookHi Friends
Hot take: $ARB is undervalued and nobody wants to admit it.
Highest TVL of any L2. Actual revenue. Growing ecosystem. But everyone's too busy chasing meme coins to notice the infrastructure play right in front of them- @arbitrum
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RAIN Trade Now$0.007852
113.00%
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42.04%
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WAVES Trade Now$0.9141
41.69%
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35.73%
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HONEY Trade Now$0.01029
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PIEVERSE Trade Now$0.5317
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IOST Trade Now$0.002021
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