$LIT is the native token of Lighter, a decentralized perpetual futures exchange built as a zk-rollup on Ethereum Layer-2 — meaning it aims to combine high-speed, low-cost trading with decentralized security using zero-knowledge proofs. 
📌 What Makes LIT Special
🔥 Advanced DeFi Utility
Unlike simple meme coins, LIT has real utility: it powers fee payments, staking rewards, governance, and access to premium exchange features on the Lighter DEX. 
📊 Tokenomics Supporting Growth
50% of the token supply is allocated to ecosystem incentives (including airdrops and future growth programs), and 50% to team/investors with vesting — aligning long-term incentives. 
💰 Fee-Driven Buybacks
Lighter’s protocol splits fees between growth and buybacks, potentially reducing circulating supply over time — a deflationary mechanism that can support price if usage grows. 
📉 Current Market Status
• Volatility remains high: After early momentum and airdrop hype, LIT has seen large swings — including heavy sell pressure and price declines. 
• Bearish technical triggers: Recent price drops under key levels show sellers dominating short-term sentiment. 
• Staking impact: New staking requirements have been introduced to boost liquidity, but haven’t yet stopped the near-term downtrend. 
📊 What Traders Are Watching
Key Levels & Signals
• Recovery path: Bulls want to reclaim broken resistance, otherwise lower support zones may test further selling. 
• Volatility setups: Strong price swings can create both risk and opportunity for short-term traders.
Exchange Momentum
Major platforms like Bybit and Coinbase expanding trading options around LIT could attract more volume and visibility.
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