FLASH CRASH:

The LIGHT token from Bitlight Labs experienced a significant price drop recently, plummeting from an all-time high of $4.80 USD on December 21, 2025, amid accusations of possible market manipulation, although it currently shows signs of stabilization and recovery.

Summary of the Incident:

Accelerated Drop: On December 21, 2025, the price of LIGHT reached its ATH (All-Time High) at 12:00 UTC. Shortly after, starting from 13:00 on December 12, the decline began, culminating in a drop of more than 70% in 24 hours, reaching a low near $0.78 USD on some platforms.

Extreme Volatility: This drop occurred immediately after the token reached an all-time high of $4.80 USD, highlighting the extreme volatility of the cryptocurrency market and concerns about supply dilution and "whale" (large holder) movements.

Massive Transfers: Reports from LookIntoChain indicated that five large wallets deposited a total of 8.84 million LIGHT tokens (valued at approximately $8.2 million at that time), which may have contributed to the selling pressure. The amount of LIGHT contract liquidations across all platforms reached 7.64 million in a 4-hour period, ranking first across the network.

Update and Context:

Despite the strong correction, the token has shown signs of recovery and stabilization around the level of $1.0 USD to $1.20 USD, driven by continued interest in native Bitcoin decentralized finance (DeFi) projects and the infrastructure of Bitlight Labs.

Long-Term Risks: Experts and analysts point out that only around 10% of the total supply of 420 million tokens is currently in circulation, which means that future token unlocks for private investors and the team could generate significant selling pressure and additional volatility in the future.

What do you all say, is this really the end of LIGHT?