2026-01-01 11:20:24

LIGHT's recent performance indeed leaves people puzzled. I remember the last time it shot up rapidly from 0.85 to 4.7, only to crash back to the starting point in less than half an hour around 4 a.m. Over the following half month, it continued to decline steadily, but today it suddenly surged from a low of 0.3 to 2.35.

On-chain data is even more alarming—the top ten wallet addresses hold 99.63% of the tokens. This level of concentration is essentially equivalent to complete control of the market, with the trend largely dictated by a few players. Under such circumstances, subsequent attempts to push higher and then sharply drop could really drive the price toward zero.

For traders, both sides are traps. Going long is easy to get caught at high levels, while shorting can lead to liquidation if a sudden rally occurs. Even more frustrating is the borrowing rate being negative to an absurd degree—-1.6% per hour. Just holding for about three days can drain your entire position due to fees. The risk-to-reward ratio is clearly unbalanced, so operating in this environment requires extreme caution.

LIGHT2,18%

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TradingNightmare

· 4h ago

99.63% held? This is basically a cash machine; retail investors just end up losing money.

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RebaseVictim

· 11h ago

99.63% of the chips? This guy is not wrong, it's just farmland. --- At 4 a.m., when I dumped back to the starting point, I knew this thing was doomed. --- Funding fee -1.6%, three days of positions are gone, this is hilarious. --- Another perfect script for cutting leeks, the top ten addresses hold all the chips, retail investors just get sent to slaughter. --- Pumped to 2.35 and want to run? Wake up, the next flash crash is waiting for you. --- This coin has no trading value at all, both sides are traps, I just lie flat and ignore it. --- With such a negative rate, both long and short positions will lose money, not trading is the smartest choice. --- From 4.7 down to 0.3, and some still dare to buy? Truly a brave warrior.

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Anon32942

· 01-03 10:32

Damn, this coin is a dead end, 99.63% is locked up, which means no liquidity ``` This LIGHT is amazing, my friend was liquidated during the dump in the early morning ``` It's just a gambler's game, financing fee -1.6% and it's drained in three days ``` Rather than trading, it's better to play dice, at least the odds are transparent ``` I think this is just a playground for the market maker to entertain themselves, retail investors just become the sacrificial lambs ``` Top ten addresses hold 99.63%? Then don't touch it ``` I've never seen a negative fee rate setup before, it's really frustrating ``` Longs lose out, it's obvious with this trend ``` From 4.7 down to 0.3 and then back up to 2.35, this storyline is too surreal haha ``` A typical controlled coin, I choose to stay away ```

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TokenomicsDetective

· 01-01 11:50

Damn, this is just a Ponzi scheme. 99.63% of the chips are in ten addresses. What's the point of playing?

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CounterIndicator

· 01-01 11:43

99.63% of the chips are locked, this is a landlord's estate, retail investors entering are just lambs waiting to be slaughtered.

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NFTArchaeologis

· 01-01 11:43

99.63% concentration... This is no longer a project, but more like an antique waiting to be sold. It's just that the authenticity verification rights of this "antique" are in the hands of a few people.

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AirdropworkerZhang

· 01-01 11:41

Damn, this coin is just a pump-and-dump machine for the whales, holding 99.63% of the chips. What are we even playing for? This dump was really brutal, dropping to zero before 4 o'clock, and the negative fee rate later on is even more outrageous, draining people in just three days. LIGHT is a terrible project, both sides are dead ends. Just looking at it makes me sick, better to stay calm for now. This is definitely a trap, going long gets you caught at a high position, going short easily leads to liquidation. Wait, the financing rate is negative 1.6%, that's just too exaggerated. As retail investors, we're just paying the IQ tax here.

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StableCoinKaren

· 01-01 11:40

99.63% of the chips are held by the top ten addresses, what’s the point of playing, it’s obviously just a puppet. With the market maker so arrogant, we can only wait and watch the show. Anyway, I’m not touching it. Negative fee rate vampirism was gone in three days. Who would do such a stupid trade? LIGHT’s recent rhythm is truly bizarre. Dropping straight from 4.7 was incredible. My friend got badly trapped that day. Being long trapped and short liquidated—it's ridiculous to be caught on both sides. I’ll just keep sleeping peacefully with stablecoins. Such a concentrated coin, it’s not surprising if it goes to zero. It’s high time to be cautious.

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