Lighter LIT token falls 15% amid broader market pullback

2026-01-19 19:48:35

Source: CryptoNewsNet Original Title: Lighter LIT token falls 15% amid broader market pullback Original Link: Lighter, a crypto perpetual futures exchange on Ethereum, saw its native token LIT fall more than 15% over the past 24 hours as a broader market selloff pushed the price below the $1.70 level.

The decline coincided with a pullback in Bitcoin, which dropped from around $95,000 to $92,000 late Sunday before recovering to roughly $93,000 by Monday midday.

Lighter launched its token on December 30, 2025, following a $675 million airdrop. Shortly after launch, the platform briefly surpassed Hyperliquid in trading activity, reaching roughly $198 billion in cumulative volume.

Despite the recent selloff and heavy token dumping, Lighter continues to post strong on-chain activity. The exchange recorded approximately $2.25 billion in trading volume over the past 24 hours, trailing only Hyperliquid at $2.7 billion and Aster at $4.5 billion.

Lighter ranks third in open interest with about $1.31 billion, behind Aster at $2.6 billion and Hyperliquid at $8.9 billion.

On-chain data shows the Lighter team has conducted roughly $1.7 million worth of LIT buybacks so far. At current prices of nearly $1.70, total buybacks amount to approximately $2.8 million since the program was announced on January 6, 2026.

LIT-5,97%

BTC-0,31%

HYPE-1,08%

ASTER-2,62%

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