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Ether Futures Lead $1.2 B in Liquidations, Crypto Market Cap Drops 16% Overnight


May 12, 2022

Losses surpassed $1.2 billion in the previous 24 hr, the greatest up until now this year. They came as significant cryptocurrencies saw high drops: Bitcoin fell 11%, BNB Chain’s BNB lost 26%, and Solana’s SOL lost 37%. Terra’s LUNA fell out of the leading 10 cryptos by market capitalization to the 81st rank– it fell 96% in the previous 24 hr to under 40 cents.

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