$LIGHT experienced a significant price decline this morning, dropping approximately 80%. This event appears to be a controlled distribution rather than organic market action. 📉

A wallet linked to the Bitlight team reportedly sold over $6.4M worth of $LIGHT on Bitget. Simultaneously, another ~$2.4M was transferred to a secondary wallet, potentially for future sales.

This concentrated selling activity resulted in a rapid collapse of $LIGHT's price within hours. 🚨 The community was largely unaware as these transactions occurred.

A key factor is the team's control over approximately 90% of the total supply. This high concentration leads to an extremely small free float and thin liquidity.

Such centralized supply makes the asset highly susceptible to price manipulation. Even moderate sell-offs can trigger substantial price drops, indicating controlled dumping rather than typical market selling.

The team has remained silent, offering no explanation or transparency regarding these events. There was no warning provided to holders, which is a significant concern.

This situation aligns with a textbook example of insiders potentially offloading assets onto retail investors. Trust in the project's stability is severely impacted. ⚠️

Given that team wallets still dominate circulation, $LIGHT may remain a short-biased asset on any potential bounces. Liquidity appears fragile, and supply centralization poses ongoing risks.

This information is for observation purposes only and does not constitute financial advice. Please conduct your own research.

(LIGHTUSDT)