Heaven DEX memecoin LIGHT surges past $200M cap, backed by KOL hype and token burns | Credit: Veronica Cestari
Share
Key Takeaways
LIGHT, the memecoin tied to Heaven DEX, has surged past a $200 million market cap.
Strong backing from KOLs, $1.2M in buybacks, and rising social traction have fueled demand.
Will the LIGHT price increase with healthy wallet distribution and bullish technical signals?
For weeks, the Solana memecoin market has stayed quiet, with most new launches struggling to break the $100 million market cap barrier.
Then came LIGHT, a memecoin tied to the Heaven Decentralized Exchange (DEX). Seven days after launch, LIGHT has surpassed its $200 million market cap.
In this analysis, CCN reveals how LIGHT shot into the spotlight — from the drivers of its quick rise to its social traction — and explores what could come next for it.
LIGHT Buybacks Fuel Scarcity
The Heaven DEX team launched the LIGHT memecoin on Aug. 11, making it available for trading on the same day. At launch, the team emphasized that LIGHT was the exclusive token on its launchpad.
“LIGHT will open for trading on Heaven at 18:00 UTC on Monday, August 11th. Heaven as a platform will open at the same time. Users will be able to trade, chart, view flywheel and creator rewards, and more. No other coins will be able to launch until Thursday, August 14th,” It stated during that period.
Try Our Recommended Crypto Exchanges
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
As of this writing, the LIGHT memecoin trades at $0.20, with its market cap surging past $200 million. According to data from X-Alpha, the hype spread far beyond the Heaven DEX community, attracting several early crypto traders.
Notably, well-known Key Opinion Leaders (KOLs) such as @weex_official @ladimeji3, @jalaal_tweets, and @cryptolfggo jumped on the trend early.
CCN has collaborated with X-Alpha to offer you the best X+On-chain data analysis tool in the market for free! Get the X-Alpha Chrome extension that our CCN Analysts use HERE.
Healthy Supply Spread
As of this writing, LIGHT counts over 10,000 holders. Data from Bubblemaps shows that the top 80 wallets do not control a substantial share of the supply.
Specifically, the largest holder owns 20.57%, which is relatively modest compared to many other memecoins where top wallets often dominate supply.
This healthier distribution reduces the likelihood of a rug pull, as no single entity holds overwhelming control. While memecoins always carry risk, LIGHT’s ownership spread adds a layer of credibility that could help sustain confidence.
LIGHT Price Targets Further Breakout
From a technical perspective, the 4-hour chart for the LIGHT memecoin highlights growing bullish strength. The Accumulation/Distribution (A/D) line has climbed higher, indicating that buying pressure outweighs the selling volume.
In addition, LIGHT’s price has broken above the 20-period Exponential Moving Average (EMA), a short-term trend signal that points to renewed upside momentum.
If buyers maintain this momentum, the EMA could turn this momentum into strong support. LIGHT could rise to $0.35 in that scenario while targeting a $500 million market cap.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
