November's Final Days: Three Altcoins on the Brink of Liquidation Waves

As November winds down, cryptocurrency markets are primed for volatility. Liquidation cascades have become increasingly common, catching traders off-guard with sudden price swings. Three major altcoins are now sitting at critical price levels where liquidations could unfold dramatically. Here’s what traders need to watch.

Tensor (TNSR): The Suspected Pump-and-Dump Victim

Tensor’s story this month reads like a textbook liquidation example gone wrong. The token exploded over 340% in a single week, then crashed nearly 60% from its $0.36 peak. The price currently trades around $0.07, down 12.77% over the past week.

The sharp reversal has sparked controversy. Moonrock Capital founder Simon Dedic flagged the rally as potentially orchestrated, suggesting “insider pump” dynamics. Neither Tensor nor Coinbase have addressed these claims publicly.

What makes TNSR especially dangerous right now is its extreme concentration risk. The top 10 wallets control 77.31% of total supply—a level that creates violent price swings with minimal selling pressure. If whales decide to take profits, the entire structure could collapse.

Liquidation triggers for TNSR:

• Price surge to $0.19 → short liquidations near $6 million
• Price drop to $0.11 → long liquidations exceeding $5 million

XRP: Caught Between Institutional Inflows and Whale Selling

XRP sits at $2.05, down 3.94% over seven days, but the real story lies in the conflicting forces shaping its near-term direction.

The bullish case is straightforward: Grayscale’s XRP ETF launches on the NYSE November 24, and institutional flows are already flowing in. US-listed XRP ETFs have accumulated more than $422 million in net inflows despite broader market weakness. This suggests serious institutional interest.

But whale activity tells a different story. Large holders have shifted aggressively from accumulation to heavy selling in recent days. This selling pressure creates a liquidation powder keg.

Where the cascade happens:

• If XRP rallies to $2.32 this week → approximately $300 million in short positions liquidate
• If XRP falls to $1.82 → around $237 million in long positions face liquidation

The derivatives market is heating up again, meaning both bulls and bears have outsized positions. One of these groups is about to take severe losses.

Dogecoin (DOGE): Whale Exodus vs. ETF Enthusiasm

At $0.14 (down 7.73% this week), DOGE presents a similar contradiction to XRP. The meme coin has genuine tailwinds. The Grayscale Dogecoin ETF (GDOG) launches November 24 as the first-ever 33 Act DOGE ETF, marking symbolic regulatory acceptance.

ETF specialist Nate Geraci framed it perfectly: “This is a highly symbolic launch. The best example of monumental crypto regulatory shift over the past year.” Such institutional validation typically boosts sentiment and prices.

Yet whales have dumped 7 billion DOGE over the past month. If sellers persist, this flow could cap any recovery attempt or even trigger downside.

The liquidation scenarios:

• DOGE breaks above $0.16 → total short liquidations could reach $159 million
• DOGE breaks below $0.13 → long liquidations could exceed $100 million

The Big Picture

These three represent a liquidation example of how contradictory forces—institutional support meeting whale distribution, technical rallies meeting fundamental concerns—create the perfect storm for cascade events. Traders holding these positions should tighten stops and prepare for sharp moves in either direction.