I just looked at the on-chain data of $LIGHT, and it's quite interesting. The market maker is still in, the second player has already run away, but their sell volume isn't that big - only over 6k was dumped, resulting in a deep pit. This is the true reflection of small-cap coins; you can see how thin the Liquidity is.

To be honest, many people only focus on the market capitalization numbers without fully understanding the depth of the funds behind it. With the same market cap, some coins can withstand millions in trades, while others can create a big hole with just a five-figure transaction. A good-looking market cap is nice, but how much of it is inflated is the key.

I checked the wallet again, and it turns out that the seller behind this dump has some assets—close to 800 million dollars in scale. If a capable sniper could really reverse this guy's operations... hey, that could indeed change the game. Haha.