05:25
LIGHT price fluctuated dramatically: 8.84 million tokens deposited into CEX after a flash crash, with $16.17 million Get Liquidated in 24 hours, approaching Bitcoin and Ether.
According to the blockchain data platform Lookonchain, in the past 7 hours, a total of 5 wallets have concentrated on depositing approximately 8.84 million LIGHT tokens to a certain Centralized Exchange (CEX), valued at around 8.2 million USD based on the price at that time. This behavior occurred during a period of significant fluctuation in the LIGHT price, raising market concerns about capital outflow and high selling pressure.
Market data shows that the LIGHT Token has rapidly surged from around $1.35 to $4.75 in the past 3 days, with an astonishing short-term increase. However, after reaching a peak, the price quickly fell back in less than 2 hours, briefly dropping below the $1 mark, displaying a typical "boom and bust" trend. This extreme market condition has resulted in a large number of high-leverage positions being rapidly liquidated.