$LIGHT collapsed from $4.5 to $0.95 and signs a team rug pull. But the deeper issue goes beyond price it’s the funding rate.

Funding is sitting at +0.860204% every 4 hours, which is extremely abnormal. This means longs are paying huge fees to shorts, just to keep positions open. When funding stays this high, it creates a death spiral: buyers bleed capital continuously, while shorts get paid regardless of price movement.

In these conditions, even if price stabilizes temporarily, long positions are structurally disadvantaged. Liquidity drains fast, confidence collapses, and any bounce is usually sold into. High positive funding after a sharp crash often signals trapped longs, not strength.

This is a classic example of why funding rates matter more than narratives after a dump when funding breaks, price usually follows.

LIGHTUSDT

Prep

0.9125

-76.92%