LIT Faces Pressure from Whale Loss and Low Revenue Amid Buyback Efforts
By:AInvest
- A whale's $1.8M
loss and Lighter's $8,450 daily revenue highlight downward pressure on the token.- Lighter's treasury buyback program uses 50% of DEX fees to repurchase 180,000 LIT tokens ($550K spent) to reduce supply by 3%.
- Technical analysis shows 20% price drop below key support, weak RSI, and rising short-term trading activity amid bearish momentum.
- Institutional $4.86M WBTC conversion and $4M
deposits signal confidence, but LIT remains 73% below its $7.86 all-time high.0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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