An address suspected to be associated with the LIGHT team deposited $6.4 million worth of tokens into Bitget six hours before the token price crashed.
BlockBeats News, on December 22, according to monitoring by onchainschool.pro (@how2onchain), at 22:43 last night, which was 6 hours before the LIGHT token price flash crash, LIGHT worth $6.4 million was transferred from a wallet that had previously received team wallet funds to Bitget.
Two days ago, the same wallet also sent LIGHT tokens worth $2.4 million to Bitget. Another $2.4 million worth of tokens was transferred to a separate wallet, and these funds have not been moved so far.
The wallet address that sent funds to the CEX is: 0xCC727b9077C2ee5c2F780Ce50fC9D8f4f248CFE5.
According to previous reports, BitLight (LIGHT) experienced a flash crash this morning, briefly falling below $1. The total amount of LIGHT contract liquidations across the network reached $7.64 million within 4 hours, ranking first across the entire network.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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