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Lighter token drops 11.2% after Bitwise launches staking ETP but staking not yet active

Market News
25 Sep 2026
AMBCrypto
View Source
Bearish
Lighter token drops 11.2% after Bitwise launches staking ETP but staking not yet active

Lighter (LIT) token surged toward $5.50 following Bitwise's launch of a Lighter Staking ETP but quickly fell below $5, dropping 11.2% to around $4.87. The decline was driven by profit-taking after a 60% monthly gain and signs of tokens moving to exchanges, suggesting potential selling pressure. Although 46% of LIT is staked and Bitwise plans staking for the ETP, staking has not started yet, limiting immediate support. If selling continues, LIT could test $4.60 or lower, but easing profit-taking might help it reclaim $5 and challenge $5.40.

The Lighter (LIT) token's recent price action is noted here alongside Pluang's market data for context. For readers following cryptocurrency markets, here is Pluang's snapshot as of Sep 25, 2026 17:22 WIB: out of 50 major cryptocurrencies, 46 rose and 3 fell today. BAL (Balancer) gained 11.14% to Rp16.297, MANA (Decentraland) rose 10.18% to Rp1.635 with 74% sell order activity, and EGLD (MultiversX) increased 8.69% to Rp82.372 with 58% sell orders.

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