Lighter (LIT) has permanently destroyed 2,452,017 tokens acquired through buybacks by September 30, reducing the circulating supply. The burn, valued at an estimated $9.5 million at market rates, combines buying tokens and removing them from circulation. However, it remains uncertain if this supply cut will balance selling pressure or boost demand for LIT. Market data shows significant trading volume but does not confirm sustained demand or price support following the burn.
Lighter's (LIT) recent token burn permanently destroyed 2.45 million tokens by September 30, reducing circulating supply with an estimated market value of $9.5 million. For readers following the broader cryptocurrency market, here is Pluang's snapshot as of Oct 12, 2026 19:42 WIB: out of 50 major cryptocurrencies, 30 rose and 18 fell. Notable movers include EOS (EOS.IO) up 8.13% at Rp12,649 with a typical hold time of 87 days, ALGO (Algorand) up 8.06% at Rp2,280 with 58% buy order activity, and XTZ (Tezos) up 7.49% at Rp5,742 with 100% buy order activity and a typical hold time of 100 days.
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