You may use the following query to delete ALL older versions (not current) of ALL articles and its pages.
DELETE u1 FROM LiveArticles_Article_Version u1, LiveArticles_Article_Version u2 WHERE u1.Version < u2.Version AND u1.ArticleID = u2.ArticleID
DELETE p1 FROM LiveArticles_Article_Version_Page p1, LiveArticles_Article_Version_Page p2 WHERE p1.Version < p2.Version AND p1.ArticleID=p2.ArticleID AND p1.PageID=p2.PageID
Important: We don't support or recommend running SQL Queries directly unless you're familiar with SQL and its capabilities. Always have a complete backup of your site before any direct manipulation