XRP loans trigger 883 liquidations, and $53M remains at risk
Summary
From Nov. 7 to Nov. 13, liquidators carried out 883 events in a Morpho lending market on Base, seizing about 4.18 million cbXRP while repaying just over 4 million USDC in debt. The records show no uncovered debt. The market’s liquidation threshold is 62.5% loan-to-value; a Nov. 13 snapshot showed about 53.5 million USDC still owed against 121.7 million cbXRP in collateral. Seized cbXRP moved to other addresses in some transactions, but the data does not establish that it was redeemed or sold as native XRP, so the effect on XRP selling pressure remains unclear.
