$XAG Silver's price dropped 35% recently, leading to $543.9 million in liquidations of tokenized $XAG silver futures, surpassing Bitcoin's $82 million in losses. This highlights the growing influence of crypto derivatives on traditional markets ¹ ² ³.
XAGUSDT
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Tokenized silver is gaining traction, with platforms like Kinesis $XAG Silver (KAG) and Silver Token (XAGX) offering exposure to silver prices. KAG represents 1 oz of physical silver, while XAGX tracks silver's price on-chain