Cumberland deposited 2 million LIT worth $6.94 million to OKX and Bybit, triggering selling pressure that pushed Lighter from $3.79 down to $3.2, before a slight recovery to $3.4. Trading volume dropped 24% to $122 million, while spot netflow turned negative at negative $1.07 million, indicating more tokens left exchanges than entered. On-chain activity remained strong with 17,600 active addresses and $20 million in USD inflows over 24 hours. The token’s bullish structure stayed intact thanks to spot demand and rising on-chain activity. If demand holds, Lighter could rebound to $4, but a retest of the $3.1 support level remains possible if Cumberland’s selling continues.
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