Five addresses deposited 8.84 million LIGHT tokens, valued at $8.2 million, into the Bitget exchange over the past seven hours, amidst a sharp price drop for LIGHT. The token's value had recently risen from $1.35 to $4.75 before crashing back below $1. Liquidations in the past 24 hours reached $16.17 million, with LIGHT ranking second to BTC and ETH in terms of liquidations.