Lighter has completed the burn of 15,638,702 LIT tokens, as announced on X. These tokens were acquired through a programmatic buyback by the end of Q2 2026 and have now been permanently removed from circulation.
Following the burn, LIT's market price surged to $2.7, marking a 13.9% increase over the past 24 hours. The token burn is part of Lighter's strategy to enhance token value by reducing supply.
Lighter Burns 15.6 Million LIT Tokens, Boosting Price by 13.9%
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