$LIT is up today. But I checked the numbers before posting.
Here's what most people miss:
• 44% of the circulating supply is STAKED — locked away from the market
• The protocol has BOUGHT BACK and BURNED over 15 MILLION tokens (6%+ of supply)
• Robinhood now supplies ~17% of Lighter's daily volume
This isn't just a random green candle. The float is thin. Real demand moves price fast.
BUT — 83% of reported volume was flagged as wash trading in a recent scan .
So the real question isn't "is LIT up?"
It's: is this move organic, or just a thin orderbook doing thin orderbook things?
I'm watching if the buybacks keep coming and if BTC holds above $75K.
🟢 LIT continues higher
🔴 LIT pulls back
Which side? 👇
#LIT #Crypto #CryptoTrading #BinanceSquare
Here's what most people miss:
• 44% of the circulating supply is STAKED — locked away from the market
• The protocol has BOUGHT BACK and BURNED over 15 MILLION tokens (6%+ of supply)
• Robinhood now supplies ~17% of Lighter's daily volume
This isn't just a random green candle. The float is thin. Real demand moves price fast.
BUT — 83% of reported volume was flagged as wash trading in a recent scan .
So the real question isn't "is LIT up?"
It's: is this move organic, or just a thin orderbook doing thin orderbook things?
I'm watching if the buybacks keep coming and if BTC holds above $75K.
🟢 LIT continues higher
🔴 LIT pulls back
Which side? 👇
#LIT #Crypto #CryptoTrading #BinanceSquare
