I wasn't surprised to see $LIT heating up unlike $LTC because I caught the move early on Bitget. I went long around $1.827, and although it initially looked like the trade wasn't going my way, I stuck with my bias. Now the bigger question is: what's actually driving the rally?
The biggest catalyst is Lighter's new tokenomics. It started by July 1, all future revenue-funded LIT buybacks will be permanently burned, with around 15.5 million LIT already expected to be removed after Q2. On top of that, Lighter is strengthening its position as a ZK-rollup perpetual DEX with integrations that connect on-chain trading and traditional finance, giving the project a stronger long-term narrative.
Price action has reflected that optimism, with $LIT leading the perpetual DEX rebound while much of the broader market remains weak. I am already on good position on Bitget, and for now I'm watching to see if momentum can continue. Do you think this rally is just getting started, or is it already priced in?
The biggest catalyst is Lighter's new tokenomics. It started by July 1, all future revenue-funded LIT buybacks will be permanently burned, with around 15.5 million LIT already expected to be removed after Q2. On top of that, Lighter is strengthening its position as a ZK-rollup perpetual DEX with integrations that connect on-chain trading and traditional finance, giving the project a stronger long-term narrative.
Price action has reflected that optimism, with $LIT leading the perpetual DEX rebound while much of the broader market remains weak. I am already on good position on Bitget, and for now I'm watching to see if momentum can continue. Do you think this rally is just getting started, or is it already priced in?