The selling rhythm of LIGHT really left no room for any vitality. The root of the problem lies here – it hasn't even launched on the first-tier USDT spot trading pairs, which means there is a lack of deep liquidity support from mainstream trading channels. Because of this, market makers dare to act so recklessly. You see, this can only happen on some small coin specialized platforms or on-chain Alpha trading pairs, because the number of market participants is limited, making it easy to form one-way liquidity.

During the previous period, the small incremental rise took so long, and various fees were not small, but what is the result? Now it has directly plunged several times within a few hours. Those engaged in leveraged trading are even worse off; they have to lose several times even with 1x leverage to stop the bleeding. This kind of liquidity trap is simply unbearable for small and medium retail investors. Without sufficient trading pair depth, the project risk coefficient will rise sharply.