LIGHT Token Surges Nearly 700%, Then Plunges 77% Within Hours; $32M Liquidated

LIGHT (Bitlight) surged from $0.32 at 16:00 Beijing time on Jan. 1 to approximately $2.5 by 18:45, then plunged 77.3% within an hour to a low of $0.5287 before recovering to $0.64, HTX market data show. Over the past 24 hours, LIGHT recorded $32.11 million in liquidations—second only to BTC's $47.85 million—with $12.39 million from long positions and $19.71 million from shorts, Coinglass data show.