Lighter Crypto DEX is catching heat after removing a massive wick from the HYPE price chart.
On Monday, HYPE pumped from about 47 dollars to nearly 98 dollars in under a minute before falling right back down. The Lighter team later claimed a “runaway bot” blew through a thin order book and spammed trades, causing the sudden spike.
They tried to clean things up by deleting the wick from the chart on their front end, saying it was due to a chart scaling issue. But on-chain data still shows the price move happened, so users definitely noticed.
A runaway bot jammed through the HYPE book with size, there were no liquidations or other adverse effects beyond this. Low volume was traded at very high prices, leaving the wick in creates scaling issues for the chart so it was scrubbed from the front end.
— Lighter (@Lighter_xyz) October 27, 2025
On-chain Data Cannot Be Modified, Says Lighter Crypto
Lighter addressed the situation in a post on X, saying that on-chain data cannot be changed and the wick still exists on-chain. They explained that they only adjusted the front-end chart to make it more readable for traders, and other chart front ends built on Lighter are free to display things differently.
Of course, not everyone liked that answer. One user joked that they should at least show the real wick and slap an asterisk on it like a Barry Bonds home-run record.
The whole situation brought attention to the liquidity risks on Lighter. The platform grew from zero to more than one billion dollars in TVL in just nine months and is now the second-highest perp DEX by volume over the last 30 days, right behind Hyperliquid. And the funny part is that this wick drama happened on HYPE, Hyperliquid’s direct competitor.
To their credit, Lighter did compensate users who were affected, and their response was quick and transparent, which definitely helped calm things down.
So we're just displaying fake candles now? Oh that wick doesn't look good, let's remove it and pretend it never happened
— theprocrastinator (@pr0crastin80r) October 28, 2025
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Key Takeaways
- Lighter’s decision to hide the massive wick raised transparency concerns despite the price spike being fully visible on-chain..
- Liquidity risks remain a key issue for Lighter as it scales rapidly, even while compensating affected users to restore trust.
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