$LIT is up 20% today, here’s what might be driving it
$LIT has been climbing all week and today it’s up about 20%, hitting around $1.46 at the high. It doesn’t look like a random move, there are a few things that might be pushing it.
Vitalik Buterin was said to have mentioned Lighter in a fireside chat, which brought more attention to the project. After that, sentiment seemed to improve again when Tealstreet added support for Lighter. There’s also more talk around their SpaceX pre-IPO perps market launch, which is adding some hype.
On top of that, Lighter has raised around $89M and is still seen as one of the top perp DEX projects. Volume also looks stronger on exchanges like bit get, which suggests more traders are getting involved.
Not sure if this is just short-term hype or the start of a bigger move. What do you guys think?