Lighter has completed a $675 million LIT airdrop, marking one of the largest distributions in cryptocurrency history. Despite initial concerns about a potential sell-off, on-chain data from Bubblemaps indicates that only $30 million worth of LIT has been withdrawn. Arndxt data further shows that 75% of recipients are still holding their tokens, with 7% even increasing their holdings.
The LIT token is currently trading above $2.78, boasting a market capitalization of $696 million. However, the tokenomics have faced criticism due to 50% of the supply being allocated to the team and investors. Inflation data remains a critical factor for long-term holders as they assess the token's future value.
Lighter's $675M LIT Airdrop Sees Strong Holder Retention
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