The operating method of the LIGHT project is indeed worth analyzing. The initial issuance was 4.2e, but the market maker, holding 95% of the chips, directly changed the circulating supply parameter from 4.2e to 4200w through smart contracts - equivalent to inflating their holdings' value tenfold overnight.

This move seems technical, but it is actually the most blatant harvesting logic. New retail investors have no idea what is going on; they just see the price moving and follow the trend to buy in. By the time liquidity is truly released and the secondary market reacts, it is already too late.

What’s even more heartbreaking is that these kinds of tricks have actually always existed on the chain, as long as the code permissions are designed loosely enough. Project teams in the crypto space can increase value tenfold just by changing parameters, and this risk density is more direct than any technical fluctuations. If anyone still dares to hold long positions, it can only be said that their understanding of the on-chain operational logic is insufficient. The next step is likely to be a plunge.