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Morning Edition · Saturday, November 14, 2026Published at 12:48 AM EST · New York
XRP's Drop Below $1 Triggers 883 Liquidations of Coinbase-Wrapped XRP Loans on Base
Borrowers gave up 4.18 million cbXRP and about $53 million in loans remain at risk, but on-chain records do not show liquidators selling native XRP.
Loans backed by cbXRP, the token Coinbase issues on its Base network against XRP it holds, went through 883 liquidations in which borrowers surrendered 4.18 million cbXRP, CryptoSlate reports. About $53 million in loans remain at risk. XRP…
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