Coinbase Lists Lighter’s LIT Token as Price Nears $3
Coinbase announced it will list Lighter's LIT token for spot trading once liquidity conditions are met, coinciding with its public launch near $3.Summary
Coinbase has announced that spot trading for Lighter's native token, LIT, will commence once liquidity conditions are satisfied in supported regions. This listing announcement came on the same day Lighter launched its token generation event, releasing about 25% of its 1 billion total supply into circulation. LIT is the core asset for Lighter's Ethereum-based perpetual futures exchange, intended for governance and incentives. Following the launch, the token experienced initial volatility but stabilized between $2.70 and $2.90. The debut of LIT has also put competitive pressure on existing perpetual DEX tokens like Hyperliquid's HYPE and Aster's ASTER, which saw minor dips attributed to capital rotation and market rebalancing.
(Source：BeInCrypto)