Lighter (LIT) experienced a price pullback to $3.2 following a sell-off by Cumberland, who transferred 2 million LIT tokens worth $6.94 million to exchanges OKX and Bybit. Despite this, strong spot demand and increased on-chain activity, including rising active and new addresses, suggest continued network adoption and buying interest. Spot net outflows indicate accumulation as traders move tokens off exchanges. Technical indicators remain bullish, implying the recent dip may be short-lived with potential to rebound above $3.7 and target $4, unless selling pressure from major holders persists.
Lighter (LIT) broke out from a consolidation phase, rising over 70% with strong momentum and volume. Key catalysts include its founder joining the CFTC Innovation Advisory Committee and a new listing on South Korea's Upbit exchange, boosting institut...
Upbit will launch a South Korean won (KRW) trading market for Lighter's LIT token on August 24 at 1:00 pm KST. Initially, buy orders will be restricted for about five minutes and only limit orders will be allowed for the first two hours to prevent di...
