According to monitoring by the blockchain data platform Lookonchain, within the past 7 hours, a total of 5 wallets have deposited approximately 8.84 million LIGHT tokens into a certain centralized exchange (CEX), which is valued at about 8.2 million USD based on the price at that time. This action occurred during a period of significant fluctuation in the price of LIGHT, raising high concerns in the market regarding capital outflow and selling pressure at high levels.
Market data shows that the LIGHT Token has rapidly surged from about $1.35 to $4.75 in the past 3 days, with an astonishing short-term increase. However, after reaching the peak stage, the price quickly fell back in less than 2 hours, once dropping below the $1 mark, displaying a typical “boom and bust” trend. This extreme market condition led to a rapid liquidation of many high-leverage positions.
According to statistics, in the past 24 hours, the liquidation amount of the LIGHT Token has reached approximately 16.17 million USD, ranking only behind Bitcoin (BTC) and Ethereum (ETH) in the entire market, with the liquidation intensity far exceeding that of most small and medium market cap crypto assets. Relevant data indicates that the proportion of speculative funds participating in LIGHT trading is relatively high in the short term, with risks being concentrated and released.
Market analysis suggests that large wallets transferring tokens to CEX at high levels are often seen as potential sell signals. In cases of limited liquidity, concentrated selling pressure can easily trigger a price crash, amplifying the fluctuation. For investors who follow the price trends of LIGHT tokens, cryptocurrency clearing data, and altcoin risk management, this event once again reminds us that highly volatile tokens often accompany sharp corrections after rapid increases, necessitating cautious control of positions and leverage risk.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin, Ethereum, and Solana Enter Historic MA200 Z-Score Oversold Zone
Bitcoin, Ethereum, and Solana record rare MA200 Z-score oversold levels, signaling market positioning exhaustion rather than fresh downside momentum.
Correlated statistical extremes across major crypto assets indicate systemic fear and reduced marginal selling pressure in
CryptoFrontNews5m ago
The fear index drops to 5, hitting multi-year lows. Bitcoin and Ethereum come under pressure. When will the market rebound?
February 12 News, the cryptocurrency market sentiment has sharply deteriorated. The latest data shows that the Cryptocurrency Fear and Greed Index has fallen to 5, officially entering the "Extreme Fear" zone, reflecting a rapid loss of investor confidence amid ongoing price declines and increasing macroeconomic uncertainty. The index was still at 26 a month ago and dropped to 12 a week ago, with the steep decline over a short period highlighting a dramatic shift in sentiment.
This change is not an isolated event. The Global Uncertainty Index surged above 100,000 in the third quarter of 2025, and remained close to 95,000 in the fourth quarter, far exceeding the peaks seen during the pandemic, Brexit, and the Eurozone debt crisis. Geopolitical tensions, uncertain policy outlooks, and financial market volatility have collectively amplified risk-averse sentiment and driven capital outflows from high-risk assets.
GateNewsBot7m ago
SOLOWIN reaches agreement to raise $100 million to support stablecoin and asset tokenization business
SOLOWIN HOLDINGS and Streeterville Capital have reached a $100 million financing agreement, planning to support stablecoin and asset tokenization businesses through the issuance of prepaid shares. The first transaction of approximately $5.415 million has been completed, and the company will also launch a $100 million Bitcoin quantitative fund with Antalpha.
GateNewsBot17m ago
Bitcoin Cash (BCH) Price Bounces Off Key Support: Here Are the Next Big Targets
Bitcoin Cash price has returned to focus after a decisive rebound near the lower boundary of a long-forming structure on the weekly chart. The reaction developed close to the $420 region, which continues to act as structural support inside a broad ascending triangle. Price behavior at this
CaptainAltcoin21m ago
Thailand approves cryptocurrency derivatives! Stock exchanges plan to launch Bitcoin futures and ETFs
The Thai government approved a proposal from the Ministry of Finance on Tuesday to allow digital assets to be used as underlying assets for derivative products and capital markets. This move aligns with the Stock Exchange of Thailand's plan to launch Bitcoin futures and ETFs in 2026. However, the central bank still prohibits cryptocurrency payments, and consumer stablecoin usage is restricted. Thailand's largest exchange, Bitkub, has a daily trading volume of $65 million, and in January, it launched a campaign to combat "gray funds."
MarketWhisper22m ago
