LIT Token Up 16%? Seriously?

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So, this Lighter thing… apparently it went up 16%. 16%! I mean, good for them, I guess. They did some “buyback program,” which sounds… complicated. They basically spend money to make the price go up. Isn’t that… obvious? 🙄

  • Lighter went up 16%. True story.
  • People are “positioning.” Whatever that means.
  • It’s above $3, apparently that’s important.

It’s at $3.06 now. Which, let’s be honest, is still not a lot of money. It was bouncing around like a superball all week, from $2.33 to $3.37. So thrilling.

And the trading volume? $157.8 million! A “tenfold increase!” People are getting excited over numbers. It’s depressing.

Their “derivatives data” – I have no idea what that is – also went up. Both things! Apparently, that means people are seriously buying it, and aren’t just messing around. They’re “fresh positioning” 🤨 Like they’ve never positioned before!

Buyback… What Even Is That?

Okay, so now they’re putting fees into buying their own tokens. It’s like I started buying my own stuff just to make myself look popular. They say it’s “visible on-chain.” Like I’m supposed to know what that is. 🤷‍♀️

The fees generated and protocol buybacks can be tracked with the treasury account in the block explorer, see link in thread

– Lighter (@Lighter_xyz) January 5, 2026

They have 180,000 LIT tokens and a million and a half in USDC. So they can buy stuff. Big deal. Instead of giving money to people, they’re buying their own stuff. It’s… innovative? I’m questioning everything.

People are talking about 30 million LIT tokens being repurchased. 3%! Oh, the drama! It’s like a tiny, tiny, tiny drop in the ocean. A single drop. Don’t get too excited.

This whole thing started with $68 million from people like Ribbit Capital and Founders Fund. Fancy names. Probably don’t even understand what’s going on. And airdrops, too. Free money. It’s all so… unstable.

Technical Analysis? Please.

“Short-term uptrend.” “Consolidation zone.” What are they even saying? It’s going up, then it isn’t. It’s above $2.60, I guess. And there are “higher highs and higher lows.” I’m starting to get a headache.

This “Bollinger Band” thing is flattening out. Which means things are slowing down. Good. Maybe people will stop yelling about crypto for five minutes.

“Overbought territory.” Like it’s a store. And the RSI is dropping. That’s… something. If it’s above 50, it’s still going up. That’s the rule, apparently. Rules are meant to be broken, but okay.

Now the $3.00 level is “critical.” It’s always critical. If it goes above $3, it’ll go up. If it drops below $2.95, it’ll go down. Groundbreaking analysis. I could do this. Seriously.

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2026-01-06 10:22