LIT token jumps 14% after signals of a potential Lighter buyback
Native token of Lighter, LIT, rose 13.9% over the past 24 hours, reaching roughly $3.04. The surge came amid speculation that the protocol has begun an active buyback – prompted by movements on its treasury address and comments from the team.
Interest in LIT increased after users noticed a rising balance on the protocol’s official on-chain treasury address. By 10 p.m. ET, the address held 180,588 LIT – around $548,987. The activity strengthened speculation that the protocol may indeed be buying back tokens.
Lighter responded to the discussion on X, noting that all fees and buybacks are fully traceable on-chain. The team reiterated that it had previously stated that platform revenue would be split between ecosystem development and token buybacks, depending on market conditions.
Although an official buyback program has not been confirmed, the team’s remarks and on-chain data accelerated the token’s price rise. The protocol remains communicative with users but has not disclosed details of current operations.
Lighter is a new decentralized perpetuals exchange that launched its public mainnet in October and conducted a $675 million LIT airdrop. In December, the protocol reported more than $200 billion in monthly trading volume – surpassing competitors Aster ($177.5 billion) and Hyperliquid ($169.3 billion). Its rapid growth has made Lighter one of the most talked-about platforms in the sector.
The project also recently raised $68 million at a $1.5 billion valuation in a round led by Founders Fund and Ribbit Capital. The team said the total LIT supply is 1 billion tokens, with 50% allocated to ecosystem development. Lighter emphasizes that “all value created by the protocol will belong entirely to LIT holders.”
The market’s reaction to a potential buyback shows that investors are closely watching LIT’s token economics and are ready to respond to any signs of support. Rising trading volumes and price appreciation highlight the market’s interest in the protocol’s new incentive mechanisms.
For now, the community awaits official confirmation of a buyback program. LIT remains highly volatile, while Lighter continues to establish itself as one of the fastest-growing perps-DEX platforms in the industry.
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