$PIPPIN On the morning of December 22, BitLight (LIGHT) experienced a rare flash crash. This token once fell below the $1 mark and is currently quoted at $1.12, with a 24-hour decline of up to 69.54%. Even more astonishing is the chain reaction in the futures market. In just 4 hours, the total liquidation amount of LIGHT futures trading across the network reached $7.64 million, ranking first in the network for that day. Market data shows that this wave of decline triggered a chain liquidation, with many margin traders suffering heavy losses. The token price has plummeted so rapidly, which often indicates severe fluctuations in market sentiment—whether due to sudden risks from the project side or panic spreading at the market level. As investors follow such Black Swan Events, the importance of risk management is once again validated.