Key Takeaways
- LIT drops over 15% as the market sell-off pushes the token below $1.70 despite strong trading activity.
- Lighter maintains high volume and continued buybacks, trailing Hyperliquid and Aster in open interest.
Lighter, a perpetual crypto futures exchange on Ethereum, saw its native token LIT fall more than 15% in the past 24 hours as a broader market sell-off pushed the price below the $1.70 level.
The decline coincided with a pullback in Bitcoin, which fell from around $95,000 to $92,000 late Sunday before recovering to around $93,000 on Monday afternoon.
Lighter launched its token on December 30, 2025, after an airdrop of $675 million. Shortly after launch, the platform briefly surpassed Hyperliquid in trading activity, with cumulative volume of approximately $198 billion.
Despite the recent sell-off and heavy token dumping, Lighter continues to post strong on-chain activity. The exchange recorded a trading volume of about $2.25 billion in the past 24 hours, trailing only Hyperliquid with $2.7 billion and Aster with $4.5 billion, according to DefiLlama. facts.
Lighter ranks third in open interest with about $1.31 billion, behind Aster with $2.6 billion and Hyperliquid with $8.9 billion.
On a chain facts shows that the Lighter team has executed approximately $1.7 million in LIT buybacks to date. At current prices of nearly $1.70, total buybacks amount to approximately $2.8 million since the program was announced on January 6, 2026.
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