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Lighter (LIT) token drops 11.2% after Bitwise launches Lighter Staking ETP without staking activity yet

Market News
25 Sep 2026
Tokenpost
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Bearish
Lighter (LIT) token drops 11.2% after Bitwise launches Lighter Staking ETP without staking activity yet

Lighter (LIT) token fell 11.2% to about $4.87 following the launch of Bitwise's Lighter Staking Exchange-Traded Product (ETP). Despite a recent rally that pushed LIT above $5.50 and a 60% gain over the past month, the token lost support at $5 and experienced two consecutive daily declines. The new ETP offers exposure to LIT but has not started staking the token yet, with the next token unlock scheduled in about three months. Technical indicators like the MACD show bearish signals, suggesting potential further weakness in the near term.

The Lighter (LIT) token fell 11.2% after the launch of Bitwise's Lighter Staking ETP. For readers following the broader cryptocurrency market, here is Pluang's market snapshot as of Sep 25, 2026 17:22 WIB: out of 50 major cryptocurrencies tradable on Pluang, 46 rose and 3 fell today. Notable movers include MANA (Decentraland) up 10.18% at Rp1.635 with a typical hold time of 155 days, EGLD (MultiversX) up 8.69% at Rp82.372, and KSM (Kusama) up 8.41% at Rp83.886.

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