someone asked me why LIT was up and i gave them three words: Robinhood, burns, CFTC.
the rally on $LIT isn't some mystery narrative. ETHNews walked through all three legs: Robinhood's public blockchain launch gives Lighter a real distribution story, the token burns remove supply on a schedule, and a CFTC seat is the kind of thing that makes institutions actually pick up the phone. that's three separate reasons someone rational might buy this.
the one i respect most is L2BEAT confirming emergency exits are now independent. that's an outside auditor saying users can leave without the team's permission. most L2s don't have that. the people who care about self-custody actually check for this.
still sitting at $2.21 after a 3.88% week. the rally hasn't run away from anyone yet, which either means the market hasn't priced all three in or it has and this is the ceiling.
i genuinely don't know which one.
#Lighter #BREAKING
the rally on $LIT isn't some mystery narrative. ETHNews walked through all three legs: Robinhood's public blockchain launch gives Lighter a real distribution story, the token burns remove supply on a schedule, and a CFTC seat is the kind of thing that makes institutions actually pick up the phone. that's three separate reasons someone rational might buy this.
the one i respect most is L2BEAT confirming emergency exits are now independent. that's an outside auditor saying users can leave without the team's permission. most L2s don't have that. the people who care about self-custody actually check for this.
still sitting at $2.21 after a 3.88% week. the rally hasn't run away from anyone yet, which either means the market hasn't priced all three in or it has and this is the ceiling.
i genuinely don't know which one.
#Lighter #BREAKING