Lighter (LIT) fell 11.2% to $4.87 after losing the $5 support. Bitwise launched a Lighter Staking ETP, but the product had not yet begun staking LIT despite the token’s initial rally toward $5.50. Nearly 46% of the circulating supply was staked, and exchange netflows remained positive for four consecutive days, suggesting persistent selling pressure. The token could test support near $4.60 if the downtrend continues.
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