Bitlight $LIGHT Faces Sharp Price Drop Despite Massive Volume Spike
Bitlight $LIGHT is trading at $0.9184, down sharply after recent market volatility. The token has seen a 78% decline in the last 24 hours, mainly due to heavy profit booking and sudden sell pressure after a rapid price surge. Despite the price drop, trading activity remains extremely high, with 24-hour volume crossing $210 million, resulting in an unusually high Vol/Mkt Cap ratio of 530%. This indicates aggressive short-term trading rather than long-term holding. While Bitlight’s fundamentals remain unchanged, the current movement reflects market speculation and liquidity-driven corrections. Investors are advised to watch volume trends and price stabilization before making decisions.
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