Tokenized SanDisk bets saw more liquidations than XRP as Asia’s chip rout wipes out $800 million

Crypto Insight Summary: About $800 million in leveraged positions were wiped out over 24 hours, 86% of them bullish. Chip-stock contracts on crypto exchanges took a chunk of the damage. Crypto Insight Analysis: Direction: Bearish Tokenized Stocks Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Tokenized stock liquidations signal market stress but limited crypto spillover.