2025-12-22 08:22:08

At 4 AM, $LIGHT suddenly crashed, with a drop of nearly 80% within an hour.

The liquidation amount reached 7.64 million USD, becoming the highest in the network. Even more outrageous is that this coin's trading volume in 24 hours reached 2.13 billion USD, ranking among the top three in contract trading volume on a certain leading exchange, second only to BTC and ETH.

The question arises—most traders haven't even heard of this project, yet its daily liquidation scale surpasses the two largest cryptocurrencies by market capitalization. Does this reflect a liquidity trap behind it? Or is it the systemic risk of leveraged trading? This kind of mismatch in the market is indeed worth being cautious about.

LIGHT0,86%

BTC-0,61%

ETH-2,47%

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ImpermanentPhobia

· 2025-12-24 19:33

The slaughter at 4 a.m., 7.64 million just gone, a coin you've never heard of can achieve the highest liquidation across the entire network, how absurd is that? Projects with unknown trading volumes can outperform ETH? This market is really rotten to the core. Leverage is just a casino, liquidity traps are everywhere, what should we be cautious of? Those who are going to suffer losses have already done so. Isn't this the place where Web3 should reflect? Yet people keep hyping up "innovation" every day. I don't know the background of LIGHT, but the data correlation is indeed bizarre. Who is secretly buying volume on the dark market? A 80% drop within an hour, are there still orders placed? This logic simply doesn't add up. Another day of the sickle harvest, retail investors are still being cut while dreaming.

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MevHunter

· 2025-12-22 08:45

The trading volume of unheard-of coins has surpassed BTC and ETH, this is ridiculous... --- 7.64 million got liquidated in an hour, the suckers at 4 AM are going to cry to death again --- Is the liquidity trap just the market maker harvesting? This data doesn't match up --- The ranking of the exchange contract list is really a bit problematic, how did unheard-of coins rush into the top three... --- The killing mechanism of contracts is becoming increasingly obvious, don't ask me why I say that --- 80% fall within an hour, how many people got liquidated, it hurts just to watch --- The problem is not with LIGHT, the problem lies in the fact that this gameplay itself is toxic

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SchroedingerMiner

· 2025-12-22 08:43

Never heard of a coin that can make it to the top three in trading volume? This logic is really something, haha --- 7.64 million Get Liquidated... the suckers at 4 AM are going to cry again --- Liquidity Trap or pure play people for suckers? Anyway, I won't touch it --- 21 billion in transaction volume yet no one has heard of it, that's absurd --- Leverage is momentarily pleasant, but the Get Liquidated is a funeral pyre, this is an old story --- The market misalignment is one thing, but the issue is how many people are still trading in a daze --- Top exchanges really dare to list any coin... --- If you don't know the coin, definitely don't touch it, this lesson is too expensive --- I've seen an 80% fall, this scale of Get Liquidated is indeed unsettling --- That's why I only watch and don't trade contracts, haha

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FlashLoanLarry

· 2025-12-22 08:35

It's the same old trick again; a coin that no one has heard of has a volume that crushes BTC, it's hilarious. --- The slaughter show at 4 AM, 7.64 million got liquidated, this is why I only play spot. --- 21.3 billion in trading volume with an 80% fall? This data is suspicious in itself. --- Leverage traders are getting hurt again, it's time for everyone to wake up. --- Liquidity trap? Didn't the futures trading exchange think about risk control, or is it intentional? --- How can a coin that no one has heard of cause such massive liquidations? What does that indicate? --- This is called the financial derivation game, a gambler's paradise.

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