Overview
- On-chain data from Bubblemaps shows roughly $250 million exited Lighter within 24 hours of the LIT distribution, about 20% of its $1.4 billion TVL per DeFiLlama.
- After accounting for new deposits, net outflows were approximately $101 million, according to figures cited from Artemis.
- LIT fell sharply from initial trading levels by roughly 23%–32% before partially recovering to about $2.6 in subsequent trading.
- Daily trading volumes that ranged between $8 billion and $15 billion in November have recently dropped to as low as $2 billion, DeFiLlama data indicates.
- Derivatives positioning leaned slightly bearish, with CoinGlass reporting 54% of Binance top accounts shorting LIT versus 45% positioned for a rebound.