Suspected LIGHT Team Associated Address Deposited $6.4 Million Worth of Tokens into Bitget 6 Hours Before Price Flash Crash

BlockBeats News, December 22, according to onchainschool.pro (@how2onchain) monitoring, at 10:43 PM last night, 6 hours before the LIGHT token price flash crash, approximately $6.4 million worth of LIGHT was transferred from a wallet that had previously received funds from the team wallet to Bitget.

Two days ago, the same wallet sent $2.4 million worth of LIGHT tokens to Bitget. An additional $2.4 million worth of tokens was transferred to a separate wallet that has not been touched as of yet.

The wallet address that sent funds to the CEX is: 0xCC727b9077C2ee5c2F780Ce50fC9D8f4f248CFE5.

Earlier news, BitLight (LIGHT) flash crashed this morning, briefly dropping below $1, with the total network-wide LIGHT contract trading liquidation reaching $7.64 million, ranking first across all networks.