Today witnessed a massive liquidation event as over $10 million worth of $Pippin positions got wiped out. This marks one of the more significant single-token liquidations we've seen recently.



The scale of this liquidation raises questions about leverage levels in the current market. When millions evaporate in a single day, it's a stark reminder that aggressive positioning can backfire hard, especially with volatile altcoins.

Whether this was concentrated among a few whales or spread across retail traders remains unclear, but the numbers don't lie. Risk management matters, folks.
PIPPIN4.81%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
SelfRuggervip
· 1h ago
It's Pippin again, this coin is really outrageous... Losing over ten million just like that? --- Leverage freaks should learn their lesson, truly --- I just want to know which whale is so ruthless --- Playing with leverage on altcoins is just asking for death, how can some people still not understand? --- Evaporating ten million a day, how can one sleep at night... --- Risk management? What a joke, everyone is just gambling --- As for liquidation, I think it's not surprising at all, Pippin was a scam from the start --- It's hard to say whether retail investors or big players are behind it --- That's why I never touch leverage strategies --- Numbers don't lie, but people do
View OriginalReply0
MEVHunterZhangvip
· 12-11 18:27
Ten million USD gone just like that. How outrageous must your leverage be... Pippin's liquidation this time really calls for a reflection on one's risk control Again with altcoins and leverage, it's truly a gambler's mentality. Eventually, you'll be wiped out. Watching others lose money, I'm just glad I'm still alive. Whether it's whales or retail investors getting liquidated, it doesn't matter... it's all caused by leverage. This is the reality of DeFi. If you can't handle leverage, then don't play with it.
View OriginalReply0
OneBlockAtATimevip
· 12-11 04:57
Another billion-level liquidation event, Pippin really messed up this time... Leverage is truly poison. --- That's why I never use more than 3x leverage, it's exhausting. --- Whales either yank the leeks or get liquidated themselves; in the end, retail investors always suffer. --- Evaporating tens of millions in a day, I really can't take it anymore... Altcoin leverage is just gambling with life. --- Every time I see this kind of news, I keep wondering, when will I learn to cut losses?
View OriginalReply0
MEVHunterLuckyvip
· 12-10 09:55
10 million is gone, I told you not to go all-in on altcoins Leverage kills people, I've long been annoyed by the tricks these whales play Whale liquidation again? Or are retail investors being cut again This liquidation scale is terrifying this time, indicating everyone is pouring oil on the fire Risk management? Ha, who in the crypto world actually does that I bet this is a major whale’s liquidation, retail investors can't handle this level How does Pippin still dare to play? I deleted this coin a long time ago Chain reaction of liquidations, who's next? Here we go again, sounds good, but next week we'll go all-in again
View OriginalReply0
GateUser-a5fa8bd0vip
· 12-10 09:55
1 billion gone haha, this is the result of all-in on scam coins.
View OriginalReply0
NFT_Therapy_Groupvip
· 12-10 09:54
That's why I've been saying leverage is poison all along. Are you only realizing it now? Damn, I lost ten million just like that. Can't afford to play with shitcoins. The whale's tactics of cutting leeks are back again. You should have learned risk management earlier. It's too late to wake up now. This time, it depends on how many retail investors get wrecked.
View OriginalReply0
gaslight_gasfeezvip
· 12-10 09:41
It's the same old story, leverage monsters should reflect on themselves --- Losing ten million and acting like it's nothing? This liquidation was so brutal --- $Pippin is so pathetic, who’s to blame... whales or retail investors should take the fall --- Risk management? Uh... most people don't have that --- Watching others get liquidated is quite satisfying, isn't it? Haha --- Shitcoins are just gambling, can't change that --- That's why I hold onto mainstream coins tightly, even though I haven't made much profit --- The liquidation machine is still running, there's more to see later
View OriginalReply0
MidnightMEVeatervip
· 12-10 09:31
Good morning, another night of being eaten. A billion is gone, this is a dinner party of sandwich attacks and liquidity traps, a feast for whales. To be honest, I have seen this kind of clearance too much, and every time someone asks "why is it suddenly gone", as if there are no arbitrageurs in the robot park. Altcoins are originally meat grinders with high leverage, and they still have to play aggressive positions? Isn't this taking the initiative to deliver food? I don't care if it's a whale or a retail investor, it's all the ingredients that are eaten anyway, ha. What's really interesting is that every time something like this happens, everyone remembers it for a while and forgets it, and next week there will still be people betting on red eyes in the dark pool. What about time costs? Have you counted?
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)