Summary of the Reasons for the Crash of LIGHT Token

Based on community discussions, on-chain data, and market analysis, $LIGHT (Litentry Network native token) crashed by approximately 69%-75% around December 21, 2025 (from about $5 to below $1), primarily influenced by multiple overlapping factors. The inherent fragility of low market cap tokens (such as low liquidity) was amplified, leading to a chain reaction.

The crash is not a single event, but a perfect storm of "low liquidity + high leverage + potential internal manipulation." The fundamentals of the project (such as small cap coins on the BSC chain) have not changed, but the supply is highly concentrated in the hands of the project team, making it susceptible to exploitation. A rebound may occur later, but the risks are high (it is recommended to DYOR and avoid leverage).