The cryptocurrency token HALO, associated with the LIGHT protocol, experienced a rapid increase in market capitalization over a short period in August 2025. HALO's market cap rose from below $3.5 million to surpassing the $10 million mark within days. Notably, HALO gained 850% in value in a single day, reaching $3.5 million before breaking through $5 million and then $10 million in market capitalization. The LIGHT team has actively supported the token by spending $1 million on buying and burning HALO tokens. The protocol operates a 100% buyback mechanism, burning through its entire $306,000 market cap in revenue daily, which equates to a 365 times annual revenue multiple. This aggressive buyback strategy and recent price movements indicate strong investor interest and bullish sentiment around HALO and the LIGHT ecosystem.