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LIT token drops 11% amid $2.4M outflows but buybacks and spot buying hint at a rebound.

Market News
24 Oct 2026
AMBCrypto
View Source
Neutral
LIT token drops 11% amid $2.4M outflows but buybacks and spot buying hint at a rebound.

LIT, the token of the decentralized exchange Lighter, fell about 11% due to $2.4 million outflows in the perpetual market, with long traders facing nearly 10 times more liquidations than shorts. Despite this, spot market activity shows buyers accumulating LIT, and the funding rate remains positive, indicating bullish positioning. Lighter's $2.2 million buyback program is reducing token supply, potentially supporting a price recovery if market sentiment improves. The outlook depends on broader market conditions and investor confidence turning positive.

Lighter's recent token price movement offers context for cryptocurrency market trends on Pluang. As of Oct 25, 2026 03:51 WIB, only 4 of 50 major cryptocurrencies rose while 45 fell. Among notable movers, DOT traded at Rp18.802 with a 1-day change of -6.92%, AAVE at Rp2.475.419 down 6.41%, and ATOM at Rp29.560 also down 6.41%.

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