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.

LIGHT-77.83%

BTC0.4%

ETH0.44%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
3
Repost
Share

Comment

0/400

MevHunter

· 10h ago

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

View OriginalReply0

SchroedingerMiner

· 10h ago

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

View OriginalReply0

FlashLoanLarry

· 11h ago

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.

View OriginalReply0

Trending TopicsView More
#2025GateYearEndSummary
52.73K Popularity
#CryptoMarketMildlyRebounds
9.96K Popularity
#GoldPrintsNewATH
6.83K Popularity
#BOJRateHikesBackontheTable
2.46K Popularity
#2026CryptoOutlook
2.42K Popularity

Hot Gate FunView More

1
BEATBEAT
MC:$3.57KHolders:1
0.00%
2
BTC&ETHBitCoin and Ethereum
MC:$3.57KHolders:1
0.00%
3
DOPEDopamine Drip
MC:$3.6KHolders:2
0.04%
4
GYEGate Year End
MC:$3.62KHolders:2
0.04%
5
芝麻人生芝麻人生
MC:$3.55KHolders:1
0.00%

Sitemap