Crypto analyst warns market crash wiped out $400B

Crypto commentators are challenging official data around the Oct. 10 market meltdown, suggesting the true size of the liquidation wave may have reached $300 billion to $400 billion, far higher than the reported $19 billion. Crypto analyst Kelly Kellam argued the crash was “much bigger than reported,” writing on X: “Could be in the $300B–$400B range! Even if it’s half the low side of that → $150 BILLION… Did the ‘trustless – transparent’ narrative just get destroyed?” Binance data questioned amid throttl ...