XDC Drops 6.21% Amid Broad Crypto Correction, No Specific Issue

Understanding XDC's Recent Price Drop: Market Correction or Coin-Specific Issue?

The roughly 6 percentage point drop in XDC over the last ~25 hours is best explained by a broad crypto-wide correction and leverage flush, not by any XDC-specific news or incident.

Market-Wide Crypto Correction And Liquidations

Over roughly the same window as XDC’s 6.21 percentage point move, the entire crypto market went through a sharp shakeout.

1. Total crypto market cap declined about 2.81% in the last 24 hours, from roughly $2.95 trillion to $2.86 trillion, while 24h volume increased, which is consistent with a broad risk-off move with heavy trading.
2. Multiple reports describe a large wave of long liquidations on September 23, 2026, with around $400-$425 million in leveraged long positions wiped out in a single day across BTC, ETH, XRP and other majors, as BTC failed to hold near $87,000 and slipped below $84,000.¹
3. Some coverage highlights a “liquidation imbalance” where long positions took the overwhelming share of losses, meaning overleveraged bullish traders were forced out as prices dipped, amplifying downside volatility across altcoins.²

In that context, a roughly 5-6% drop in a mid-cap alt like XDC Network (XDC) is consistent with: