Five wallets deposited $8.2 million worth of LIGHT tokens into Bitget, bringing the total liquidation amount of the token to $16.17 million in the past 24 hours.

According to Lookonchain, five addresses deposited 8.84 million LIGHT tokens, worth $8.2 million, into Bitget in the past seven hours.

The price of LIGHT surged from $1.35 to $4.75 in the past three days before falling below $1 in less than two hours. In the past 24 hours, LIGHT saw $16.17 million in liquidations, second only to BTC and ETH.