As reported by CryptoDnes, a decentralized exchange called Lighter has executed one of the largest token airdrops in crypto history, distributing $675 million worth of Lighter Infrastructure Tokens (LIT) to early users. According to blockchain analytics firm Bubblemaps, only $30 million in LIT has been withdrawn, indicating limited immediate sell pressure. On-chain data from Arndxt show that 75% of recipients are still holding their tokens, with 7% increasing their exposure. Despite the strong initial retention, some critics have raised concerns about Lighter’s tokenomics, which allocate 50% of the supply to the team and investors. At the time of writing, LIT was trading above $2.78 with a market cap of around $696 million.
Huge Lighter Airdrop Defies Sell-Off Fears as Holders Hold
CryptoDnesShare
Summary
Lighter executed a $675M LIT airdrop, one of the largest in crypto history, with most users holding their tokens. On-chain news from Bubblemaps shows only $30M in withdrawals, while Arndxt data reveals 75% of recipients still hold, 7% added more. Despite strong retention, tokenomics face criticism for allocating 50% to team and investors. LIT trades above $2.78 with a $696M market cap. Inflation data remains a key watchpoint for long-term holders.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.