Lighter (LIT) Jumps Nearly 10%: Why Is the Price Rising Today?

Lighter LIT is showing strong bullish momentum, trading at $2.83 after posting a 9.79% gain in the last 24 hours. This price increase is supported by a noticeable rise in market participation, with 24-hour trading volume climbing 13.27% to $27.31 million. The combination of rising price and steady volume growth suggests improving investor confidence rather than a purely speculative spike.

The project currently holds a market capitalization of $709.13 million, while its fully diluted valuation (FDV) stands at $2.83 billion. This difference highlights that only a portion of the total supply is circulating. At present, 250 million LIT tokens are in circulation out of a maximum supply of 1 billion, making the token more responsive to demand changes during periods of positive sentiment. The volume-to-market-cap ratio of 3.85% indicates healthy liquidity without signs of extreme volatility.

LIT’s upward move may also be influenced by growing interest in blockchain-based trading infrastructure and scalable protocols. As traders look for efficient and transparent platforms, projects like Lighter can benefit from renewed attention. If trading activity continues to build and broader market sentiment remains supportive, LIT could maintain its short-term strength, though investors should continue monitoring volume trends and overall market conditions.

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