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
Google sets 2029 post-quantum deadline, putting Bitcoin’s long-term security back in focus
Google plans to transition its infrastructure to post-quantum cryptography by 2029, emphasizing the urgency of addressing quantum risks. While Bitcoin isn't facing immediate danger, the decentralized nature of crypto complicates the transition to enhanced security.
CryptoNewsFlash13m ago
US Bitcoin ETF outflows hit three-week high as Ark trims stake in its own BTC fund
US spot Bitcoin ETFs experienced significant outflows of $171.2 million, the largest since March 6, coinciding with Ark Invest reducing its holdings. This highlights shifting sentiment in ETF demand amid a generally stable market.
CryptoNewsFlash21m ago
Yesterday, Bitcoin spot ETF total net inflows were $69.44 million, with ARKB leading with net inflows of $33.03 million.
March 31 news: Bitcoin spot ETFs had total net inflows of $69.4404 million on March 30. Of that, Ark Invest and 21Shares’ ARKB ETF had net inflows of $33.0297 million, while Fidelity’s FBTC ETF had net inflows of $28.8887 million. Total net assets under management reached $8.5475 billion, with cumulative net inflows of $56.004 billion.
GateNews31m ago
Bitcoin Miners Pivot to AI Infrastructure as Hash Price Declines to $29/PH/s in Q1 2026
Bitcoin miners faced sustained margin compression in the first quarter of 2026, with hash price declining to approximately $29/PH/s per day, down from $36–38/PH/s in Q4 2025, as the network hashrate recovered to 1,020 EH/s following a 10% decline from its October 2025 peak of 1,160 EH/s.
CryptopulseElite31m ago
Bitcoin Everlight: 4 Steps to Activate Shards and Stack Sats
Bitcoin is the most famous digital asset in the world. Most people think the only way to own it is by buying it or mining it with loud machines. A new platform called Bitcoin Everlight is changing that. It has built a simple way for anyone to help the Bitcoin network and earn real BTC rewards.
CryptoPotato33m ago
