The native token LIT of the Lighter protocol has officially been listed for trading. According to on-chain data tracking platform Bubblemaps, the project has airdropped a total of $675 million to early participants. Currently, only $30 million worth of tokens have been extracted from the protocol, with a large amount of tokens still to be released. This suggests that there may be significant selling pressure in the near future. From historical experience, large-scale airdrops often exert downward pressure on the token price during the initial release phase, but they also reflect the project's emphasis on ecosystem participants. Investors should pay attention to the token unlock schedule and changes in market liquidity.

LIT-7,66%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
SocialAnxietyStakervip
· 5h ago
675 million airdrop, only extracting 30 million? The selling pressure is coming soon, gotta keep a close eye on the unlock schedule.
View OriginalReply0
GateUser-40edb63bvip
· 20h ago
675 million airdrop. This round depends on who truly holds the coins, or it will all be dumped.
View OriginalReply0
RektRecordervip
· 20h ago
675 million airdrops haven't been released yet, this round is going to kill people.
View OriginalReply0
HappyToBeDumpedvip
· 20h ago
$675 million airdrop? Here we go again, another feast of cutting leeks.
View OriginalReply0
StablecoinSkepticvip
· 20h ago
675 million airdrop pending release, this selling pressure is quite intense. It still depends on how the project team manages the market.
View OriginalReply0
MiningDisasterSurvivorvip
· 20h ago
Another big airdrop project, 675 million and not even half released yet, this is definitely a ticking time bomb.
View OriginalReply0
BloodInStreetsvip
· 20h ago
The 675 million airdrop was only proposed for 30 million, this is a bomb countdown, wait to see the blood flow
View OriginalReply0
LiquidationWatchervip
· 21h ago
6.75B airdrop with only 30M extracted... ngl this smells like 2022 all over again. seen this pattern too many times, watching those unlock schedules is gonna be crucial or your health factor gets absolutely wrecked.
Reply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)