Today's Black Swan of #LIGHT Flash Crash:

This morning, the price of LIGHT plummeted from $4.8 to $0.78, piercing through like a needle.

Monitoring shows that 6 hours before the crash, an address that had previously received funds from the team wallet continuously transferred $6.4 million worth of LIGHT to BG; just two days ago, the same address transferred $2.4 million.

Subsequently, 5 more addresses deposited 8.84 million LIGHT into BG, worth about $8.2 million.

The price rose from $1.35 to $4.75 in 3 days but crashed to $0.78 in just 2 hours; the outcome was already written.

The result is:

$16.17 million liquidated in 24 hours, with the liquidation scale second only to BTC and ETH.

This is not the first time and will not be the last.

Low liquidity, small market cap, and high control make it a script of rise and fall. Just a few days ago, someone was shouting to go all-in at $50, and now only silence remains.

Remember:

The biggest characteristic of small coins is—low liquidity + high volatility + controllable supply.

Add leverage on top of that, and there's only one outcome: inevitable explosion.

Get out with your profits, don't hold any hopes for such coins.

Don't ask why it's always you who is unlucky; there is only one reason for touching it: greed.