The crypto industry recently had one of its worst days ever. And while bitcoin and ether holders seem to have put some of the carnage behind them, traders of many lesser-known tokens are still feeling a lot of pain.

More than 1.6 million traders suffered a combined $19.37 billion erasure of leveraged positions over a 24-hour period beginning Friday, Oct. 10. That's the largest ever liquidation event tracked by crypto-focused data analytics firm CoinGlass. The wipeout marked a dark spot for the digital assets market in an otherwise strong year for cryptocurrencies that saw bitcoin and ether hit record highs. More than a week after the event, its ripples are being felt most in smaller coins.

Bitcoin and ether are trading between roughly 11% and 12% below their respective Oct. 10 highs, wit

See Full Page