Lighter has completed the burning of 2,452,017 LIT tokens, which were acquired through automated buybacks by the end of the third quarter of 2026. This token burn reduces the total supply of LIT tokens, potentially increasing their value by making them scarcer. The update was officially published on October 11, 2026. Token burns like this are often used to support token value and signal confidence in the project’s future.
The story of Lighter's token burn of 2,452,017 LIT tokens is presented with Pluang's market snapshot for major cryptocurrencies as of Oct 12, 2026 09:21 WIB. Among 50 priced major cryptocurrencies, 38 rose and 10 fell today. LINK (Chainlink) and XLM (Stellar) both showed similar 1-day gains around 3.2%, contrasting with BCH (Bitcoin Cash) which had a slightly lower gain of 2.80% and a notably higher sell order activity at 84%, compared to LINK's 3% sell and XLM's 14% sell activity.
Crypto markets showed mixed results with Layer 2 tokens leading gains, rising 6.62%, including Starknet up 111.53%. Bitcoin climbed 1.43% above $83,000, while Ether edged up 0.14% over $2,500. DePIN assets advanced 6.24%, led by Grass with a 49.41% j...
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