Altcoin Collapse: Ethereum wiped out nearly half a year’s gains, XRP plunged 40% in one day, SOL fell below $180, and 710,000 people were liquidated for more than $2 billion

The cryptocurrency market has further expanded its decline against the backdrop of US President Trump officially launching the tariff war! Bitcoin once plunged to $91,182, and the 2025 rally has been fully returned. Before the deadline, it rebounded to $94,468, and it remains to be seen whether the bottom has been reached, but it can be confirmed that the leverage in the market has undergone another major clearance. Coinglass data shows that in the past 24 hours, the total amount of cryptocurrency liquidation across the network has exceeded $2 billion, with $1.81 billion in long positions liquidated and over $288 million in short positions liquidated, involving more than 710,000 people. Other Altcoins performed even more weakly, with Ethereum once plunging to $2,086, returning to the price level of last August. Although it has now rebounded above $2,400, it still has a drop of over 20% in the past 24 hours. Although SOL has also seen a significant decline, earlier it reached a low of $175, approaching the mid-low point of the month, but the 24-hour decline is still less than Ethereum, currently reported at $185.8. Among the top 10 tokens, the biggest drop was XRP, with a 24-hour drop of up to 40%, once plunging to $1.78, returning to the starting point of the rally in December last year, indicating that a large number of contract investors have been liquidated.