LIGHT’s volatile swings, including a steep drop and partial recovery, were accompanied by tens of millions in liquidations, underscoring heightened market risk.
LIGHT token’s price fell 77.3% to $0.5287 before partially rebounding to $0.64, after a remarkable surge of nearly 700% from $0.32 to $2.5 the previous day. Coinglass reported $32.11 million in liquidations over 24 hours, second only to Bitcoin’s $47.85 million. The extreme volatility highlights substantial leveraged position closures and elevated market risk.