Lighter’s Rapid Rise: Why LIT Is Drawing Early Optimism

[madtrader]

Lighter (LIT) is a decentralized perpetual futures exchange built on Ethereum Layer 2, and its launch has quickly caught investor attention. After distributing 25% of its total supply via an airdrop, LIT entered price discovery with strong momentum, pushing its fully diluted valuation to around $2.7 billion.

Optimism is fueled by early signals of demand. Whale wallets have deployed significant capital to accumulate LIT, while large buyers appear to be absorbing post-airdrop selling pressure. Combined with the project’s positioning in onchain derivatives, this activity suggests that many investors believe Lighter is still in the early stages of its valuation journey.

[nihalsari]

2.7b fdv feels wild but onchain perps always get priced like theyre gonna eat the world

[bonk]

watching post airdrop selling get absorbed is usually a good sign, at least short term