#永续合约市场动态 LIGHT's move this time was absolutely brilliant. The team-associated address transferred 6.4 million dollars worth of tokens to Bitget 6 hours before the coin price flash-crashed, and had transferred another 2.4 million two days prior. The pace clearly showed they were liquidating before a rug pull. As a result, the coin price flash-crashed below 1 dollar, with 7.64 million dollars liquidated in 4 hours—the highest across the entire network. Retail investors got caught holding the bags.

To be honest, this operation pattern is becoming increasingly common nowadays. The team's every move on chain is basically the biggest risk signal. Us spectators should remember this lesson: when you see associated addresses making large transfers to CEX, especially when transferring to exchanges, you should basically be on high alert. The high liquidation amounts in the perpetual futures market recently didn't come out of nowhere—many times it's this kind of insider operation that leads people into the fire pit.

Next time you spot similar on-chain anomalies, getting out early is the best strategy.