LIT Rallies on Buyback Speculation Tied to Lighter Treasury

• LIT climbed sharply in the past 24 hours, rising over 14% and even approaching 18% gains in some exchanges during peak sessions.
• The project’s public treasury wallet shows it holds around 180,000 of its own LIT tokens, worth roughly $545,000.
• Whale buying picked up as a new wallet spent $2.89M USDC to acquire nearly 1M LIT.

The LIT token, native to the Lighter decentralized exchange (DEX), saw notable price gains recently. It looks like the rally was driven by rumors that the project was buying back its own tokens, which lifted market mood and boosted trading activity.

LIT climbed sharply in the past 24 hours, rising over 14% and even approaching 18% gains in some exchanges during peak sessions, reaching an intraday high of around $3.23. The project’s public treasury wallet shows it holds a large stash of its own LIT tokens, around 180,000, worth roughly $545,000.

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