Lighter DEX Flash Wick and Chart Alteration
Lighter DEX, a perpetual decentralized exchange, recorded a $BTC flash wick to $47,510, triggered by a 1,000 $BTC market sell order valued at approximately $70 million. According to Lighter officials, a "whale seller" executed the order, which rapidly depleted available buy liquidity, causing a swift price drop before a quick rebound. The movement was contained within a very short timeframe characteristic of a flash crash.
Following the event, numerous community members reported the price candle representing the low was absent from Lighter DEX's charts. Screenshots circulated, confirming the visual removal of the wick. This alleged alteration prompted scrutiny regarding the platform's data management practices.
Community Reaction and Data Integrity Concerns
Community reactions were split. Negative sentiment was evident in posts questioning the alteration, such as one asking "how tf do you just casually delete a wick on the BTC chart" (sentiment -4, 13 likes, 1,629 views). Conversely, some community members noted the sharp dip as a favorable entry point, with a post highlighting $BTC "on sale" at Lighter DEX and encouraging users to "buy the dip" gaining significant positive sentiment (score 66, 105 likes, 9,047 views).
The $BTC wick remains absent from Lighter DEX's historical charts, an acknowledged outcome of a whale sell order.