LIGHT surged 700% before plummeting 77% in a single day, resulting in over $32 million in margin calls for both long and short positions.

[LIGHT Surges 700% Then Plunge 77% in One Day, Over $32 Million in Liquidations] According to Mars Finance, on January 1st, market data showed that LIGHT (Bitlight) experienced a brief plunge of 77.3%, briefly touching $0.5287, and is currently trading at $0.64. It's worth noting that LIGHT fell to $0.32 at 4 PM Beijing time yesterday, then surged nearly 700%, reaching $2.50 around 6:45 PM today, before the recent plunge occurred an hour later. According to Coinglass data, LIGHT saw $32.11 million in liquidations in the past 24 hours, second only to BTC's $47.85 million, with $12.39 million in long positions and $19.71 million in short positions liquidated.