Data: Light's 24-hour trading volume reached $2.13 billion, dropping 77.7% within five and a half hours

Analyst Ai Yi posted on platform X that LIGHT dropped 77.7% within five and a half hours. The token's 24-hour trading volume reached $2.13 billion, making it one of the top three tokens by 24-hour contract trading volume on Binance, second only to BTC and ETH.

Coinglass data shows that a total of $4.84 million in long and short positions were liquidated. The value of LIGHT positions decreased from $53.32 million before 4 AM to the current $18.79 million, but the contract position increased from 11.97 million LIGHT to 18.79 million LIGHT, with a large trader long-to-short ratio of 1.63.