$LIGHT What this price action is called
This move is known as a “rug pull–style crash” or “liquidity rug”, and technically it includes:
Parabolic pump
Strong vertical move up
Retail FOMO, leverage longs stacked
Sudden vertical dump (cascade sell-off)
One or few massive sell orders
Stops + liquidations triggered
Price drops 70–80% in minutes ❌
No meaningful bounce
Price goes flat at the bottom
Indicates confidence is dead
Common names traders use
✅ Rug Pull
✅ Liquidity Grab / Liquidity Drain
✅ Pump & Dump
✅ Market Maker Trap
❌ Not a “normal correction”
❌ Not healthy price discovery
Why this looks like a scam
−77% in one day is NOT organic
Vertical red candle = forced liquidation
Flat price after dump = insiders already exited
Volume spike confirms distribution, not buying
Important distinction (legally)
Calling it a scam is fine trader-wise
But technically it’s:
“Highly manipulated low-float perp with aggressive insider selling”
Trading advice (very important 🚨)
❌ Do NOT long just because it looks cheap
❌ Dead coins can go sideways for months
⚠️ Bounce (dead cat bounce) is possible but pure gamble
✅ If trading at all: scalp only, tiny size, tight stop
