2.45 million LIT sent to the black hole
Lighter has officially confirmed that, by the end of Q3 2026, the 2.452017 million LIT automatically repurchased by the program had been burned. The funds came from protocol revenue.
Based on the current circulating supply, these tokens have permanently left the secondary market, reducing some of the selling pressure. Few projects in the Perp DEX sector are willing to spend real money on buybacks and burns. The impact of a supply reduction on the market is much more direct than simply making an announcement.
For those of you still holding LIT, are you adding to your positions or trimming them after this burn? What's your cost basis?
$LIT $HYPE $DYDX
#Lighter #PerpDEX
Lighter has officially confirmed that, by the end of Q3 2026, the 2.452017 million LIT automatically repurchased by the program had been burned. The funds came from protocol revenue.
Based on the current circulating supply, these tokens have permanently left the secondary market, reducing some of the selling pressure. Few projects in the Perp DEX sector are willing to spend real money on buybacks and burns. The impact of a supply reduction on the market is much more direct than simply making an announcement.
For those of you still holding LIT, are you adding to your positions or trimming them after this burn? What's your cost basis?
$LIT $HYPE $DYDX
#Lighter #PerpDEX