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XYZVerse defies the crypto downturn, building $16m market cap and a massive community pre-listing.
Table of Contents
Summary
- Market turmoil flushed many coins, but XYZVerse emerged as one of the few still gaining traction.
- XYZVerse blends memes with sports betting, staying strong even as altcoins were crushed.
- With presale momentum growing, XYZ could be perfectly positioned for Uptober’s rebound wave.
The crypto markets just endured a brutal purge: in a single day, $1.68 billion in leveraged positions were liquidated, the largest such wipeout since December 2024. Nearly 390,000 traders were forced out, as long positions (i.e. bets that prices would rise) were crushed, with $1.6 billion in losses from longs vs. ~$86 million from shorts.
Ethereum bore the biggest brunt ($501 million+ liquidated), followed by Bitcoin ($287 million), Solana, XRP, Dogecoin, and numerous smaller altcoins. The carnage was indiscriminate — many leveraged positions that assumed a continued uptrend were simply unable to survive this shock.
This kind of “liquidation cleansing” often signals a forced reset of sentiment and positions. Weak hands are flushed, leverage is reduced, and the market terrain is reshaped — potentially for the next leg upward.
But wait — here comes Uptober
Yes, the damage is real. But timing could not have been more pivotal. Historically, October is one of crypto’s strongest months, often kicking off sustained rallies. Market participants refer to this phenomenon as “Uptober.”
October has consistently delivered strong positive returns for Bitcoin over the past several years, with gains in every single year. Notably, BTC s
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Author: Samuel Msiska
