Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
Most traders did not see this coming. $LIGHT experienced a brutal collapse today—the kind that wipes out wallets in a matter of hours.
This is what happened: The market capitalization of the token plummeted from approximately $200M directly to $39M. That is a destruction of value of more than 80% in just 2 hours. Almost overnight, investors holding positions saw their holdings being slashed.
Severe and rapid price drops do not occur by accident. Whether due to liquidity drain, significant selling pressure, or external catalysts, movements like this reveal how quickly sentiment can change in volatile markets. For anyone following on-chain activity or monitoring emerging tokens, this is a stark reminder: volatility in this space can be relentless.