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PIPFrom

PIPPINUSDT liquidation cascade on August 22, 2026

PIPPINUSDT fell 29.4% at its peak, then round-tripped to finish 7.9% below its recorded baseline.

Investigate PIPPINUSDT →Research the setup at 04:48 UTC →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-29.4%
Net move
-7.9%
Reported liquidations
$321K
Largest liquidation
$36K
Duration
4h 30m
Volume
$7.4M
Liquidation cascadeBinance
08-22 03:40 to 08-22 10:26 UTC · 5m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-08-22 10:15 UTC.

Full window · Show active span →

Key moments

Times in UTC. Select one to replay from that minute. Phase totals and extremes are retrospective; sequence details show when the closed-minute reading was known.
Fall to the lowRetrospective phase · $156 shorts reported liquidated · $319K longs reported liquidated · contract OI -4.9% · -33.0%Flash move-14.5%Largest long-liquidation minuteReported total over one minute; selected retrospectively · $171KLiquidation burstlongs liquidated · $229KLow$0.01485Volume climax$665K
4 more momentsLargest liquidationlongs liquidated · $36KLarge rejecting wick8.5%After the extremeRetrospective phase · $612 shorts reported liquidated · $878 longs reported liquidated · contract OI -0.6% · +30.6%Recovered half74% retraced

Research markers

Why the liquidation cascade label?

These observations support the label. They do not show what caused the move or who started it.

Label confidence 1.00 of 1longs liquidated 100%liquidations $321Kcontagion cluster

Other PIPPINUSDT events

Examples, not a historical success rate.

CrashPeak -3.6%PumpPeak +45.2%Browse all PIPPINUSDT events →

Similar events in other markets

20 other markets sold off in the same window, grouped because their order-flow toxicity (VPIN) moved together, not by price correlation.
WLFWLFIUSDT cascadePeak -22.5%ONDONDOUSDT cascadePeak -27.2%NEANEARUSDT cascadePeak -18.1%
17 more marketsGIGGIGGLEUSDT cascadePeak -34.3%BASBASEDUSDT cascadePeak -41.5%JTOJTOUSDT cascadePeak -23.8%BSBBSBUSDT cascadePeak -39.7%RIVRIVERUSDT cascadePeak -33.0%PLUPLUMEUSDT crashPeak -27.4%GRAGRASSUSDT crashPeak -23.0%BERBERAUSDT crashPeak -30.4%BICBICOUSDT crashPeak -25.4%REDREDUSDT crashPeak -24.6%GRVGRVTUSDT crashPeak -23.8%44USDT crashPeak -29.1%DOSDOSUSDT crashPeak -22.0%TSTTSTUSDT crashPeak -29.2%EPIEPICUSDT pumpPeak +33.3%MOVMOVEUSDT crashPeak -22.5%0G0GUSDT crashPeak -23.5%
More like this
ARCARCUSDT cascadePeak -64.3%RAT1000RATSUSDT cascadePeak -58.6%USUSUSDT cascadePeak -65.1%
2 more eventsMINMINAUSDT cascadePeak -53.8%GRIGRIFFAINUSDT cascadePeak -43.3%
More liquidation cascade events →

How these numbers are measured

Peak and net moves start from the recorded baseline, which can differ from the replay's first price.

Liquidations are reported venue snapshots; orders a venue left out are not rebuilt.

Exact definitions
  • Replay window: 2026-08-22T04:48:32.122Z to 2026-08-22T09:18:46.096Z.
  • Recorded baseline: $0.02104. High: $0.02257. End: $0.01938.
  • The liquidation cascade label describes the detected event class, so a later reversal changes the net move without silently changing the classification.
  • Price-extreme and wick times mark the source candle, not the exact tick.
Data provenance and methodology →
What the replay includes
Recorded streams
Order book (L2)184KTrades / tape39.3KLiquidations103Liquidation heatmapVPIN / toxicityOI & positioning
What you will see
  1. PIPPINUSDT fell 29.4% at its peak, then round-tripped to finish 7.9% below its recorded baseline. The event lasted 4h 30m.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. Moved with 20 other symbols in the same window: possible contagion.
  4. $321K liquidated, largest reported liquidation $36K.
  5. $229K force-liquidated in about a minute from 05:11 UTC.
  6. Capitulation wick of 8.5% at 05:13 UTC.
  7. Clawed back half of the move by 05:14 UTC.