Lighter’s current price is $3.24, up 18.3% in 24 hours, with $116 million in trading volume, a market cap of $811 million, and a market cap ranking of 82. It’s one of the biggest 24-hour gainers among tradeable assets across the entire market.

Those affected are people chasing momentum by watching the gainers’ list, as well as holders who already have $LIT positions. A market cap of $811 million paired with $116 million in trading volume and a turnover rate above 14% indicates that tokens are changing hands rapidly—not that this is an obscure asset nobody cares about.

The turnover rate is worth watching. An asset ranked 82nd by market cap generating this kind of volume in 24 hours suggests that capital is seriously trading it, rather than just propping it up with orders. The top spot on the gainers’ list brings attention in its own right. Whether accumulation continues or distribution begins, the order book will tell.

#LIT