2.15 First Target Reached

Risk Warning: LIGHT's long position relies on extreme negative funding rates and short squeezes, which is a contrarian trade that requires strict stop-losses.

LIGHT's current price is $2.04, fully circulated, with an FDV of approximately $204 million, but the market structure has become severely imbalanced.
In the past 24 hours, the open interest of LIGHT perpetual contracts surged by +136% to $65.7M, setting a new all-time high, with market participation experiencing a significant increase.
More critically, the funding rates across the three major exchanges are all extremely negative: Binance -0.0265%, Bitget -0.1171%, Bybit directly hitting -0.1710%, with shorts 'paying protection fees' at high prices every 8 hours.