Headline: $LIT Dips 15% Despite Staking Launch: A Classic "Sell the News"? ๐
Lighter's native token, $LIT
, dropped nearly 15% in the last 24 hours, trading around $1.85. While staking is officially LIVE, the market reaction has been surprisingly cold.
Whatโs happening?
Staking Utility: Staking $LIT now unlocks LLP access, fee discounts, and future yields. Over 31M tokens are already staked!
The Dip: Why the drop? It looks like a "Buy the Rumor, Sell the News" event, combined with FUD regarding alleged secret token sales (denied by the CEO).
Strong Fundamentals: Despite the price drop, Lighter DEX remains a top contender in Perp Swaps with nearly $5B in 24h volume.
The Verdict: With technical support levels broken,is facing short-term pressure. However, with massive backing from Founders Fund and a $1.5B valuation, is this a "buy the dip" opportunity?
Are you staking or waiting for a lower entry? Let's discuss! ๐
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