Traders split over whether Lighter's LIT clears $3 billion FDV after launch

Source: CryptoNewsNet Original Title: Traders split over whether Lighter’s LIT clears $3 billion FDV after launch Original Link: https://cryptonews.net/news/altcoins/32204994/ Lighter’s LIT token has not yet begun open trading, but the market has already drawn a sharp line around its valuation after Tuesday’s airdrop.

Traders are split on whether the new governance token of the Ethereum-based Layer 2 decentralized exchange (DEX) deserves a fully diluted valuation closer to $2 billion or $3 billion.

Fully diluted valuation, or FDV, estimates a token’s total market value by multiplying its price by the maximum possible supply if all tokens were issued and circulating.

Premarket trading has placed LIT near $3.20, implying an FDV above $3 billion, while prediction markets tell a more cautious story.

Recent low-float launches like Monad, EigenLayer, and Movement inflated headline valuations into the billions even as most tokens remain locked, leaving FDV to act less as a proxy for real demand and more as a forward-looking estimate that can be easily distorted without close attention to liquidity and tokenomics.