Other moves: Lighter collapses and Ethena faces pressure over unlocking
On the downside, Lighter (LIT) is down 28.7% over seven days, leading losses among the top 100 major assets, mainly because Robinhood announced plans for perpetual contract products in the U.S. linked to Bitstamp, prompting a reassessment of the competitive landscape among traders. Ethena (ENA) falls 14.7% as the Ethena Foundation and leading investors agreed to release all remaining tokens from original investors starting October 5, ending the prior monthly unlocking mechanism and raising concerns about an impact on supply. #lightningnetwork #Ethena!
On the downside, Lighter (LIT) is down 28.7% over seven days, leading losses among the top 100 major assets, mainly because Robinhood announced plans for perpetual contract products in the U.S. linked to Bitstamp, prompting a reassessment of the competitive landscape among traders. Ethena (ENA) falls 14.7% as the Ethena Foundation and leading investors agreed to release all remaining tokens from original investors starting October 5, ending the prior monthly unlocking mechanism and raising concerns about an impact on supply. #lightningnetwork #Ethena!