$LIT just had 2,452,017 tokens burned, and it's trading at $0.743, a hair under its 24h high of $0.755.
that number is Lighter's own claim, posted on its account, with a transaction link attached. it says the tokens were bought back by the program through the end of Q3 2026. i'd treat the burn as the project's word until you've checked the transaction yourself. the part that's checkable is that the supply came off the table and the price didn't flinch.
the project is also stacking perp listings, $DRV with 3x and $USELESS on Robinhood Chain with 3x. more markets means more trading on Lighter, and the buyback is what ties that activity back to the token. that's the whole bull case in one sentence: usage feeds the burn.
$LIT trades at $0.743 right now. if it holds above $0.656, the 24h low, i think it pushes through $0.755 and keeps going. if it loses $0.656, i'm wrong on this and there's nothing to defend. anyone holding through that drop has bought a burn story the market didn't believe.
holding $0.656 or losing it?
follow me for more calls like this.
that number is Lighter's own claim, posted on its account, with a transaction link attached. it says the tokens were bought back by the program through the end of Q3 2026. i'd treat the burn as the project's word until you've checked the transaction yourself. the part that's checkable is that the supply came off the table and the price didn't flinch.
the project is also stacking perp listings, $DRV with 3x and $USELESS on Robinhood Chain with 3x. more markets means more trading on Lighter, and the buyback is what ties that activity back to the token. that's the whole bull case in one sentence: usage feeds the burn.
$LIT trades at $0.743 right now. if it holds above $0.656, the 24h low, i think it pushes through $0.755 and keeps going. if it loses $0.656, i'm wrong on this and there's nothing to defend. anyone holding through that drop has bought a burn story the market didn't believe.
holding $0.656 or losing it?
follow me for more calls like this.