Lighter platform burned over 2.45 million LIT tokens worth $9.5 million, reducing the circulating supply by 0.98%. The token surged more than 10% in the past 24 hours as the crypto market recovered, with the RWA perpetual futures market reaching $4.25 trillion in cumulative volume year-to-date. LIT peaked at $5.48 in late September before correcting, forming a potential double bottom near $3.50. A break above $4 would confirm recovery, while losing the $3.50 support level would expose the token to a trendline retest.
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