LIT Token Surges 27% as CFTC News Boosts Perpetuals Derivative Sentiment
LIT token jumped 27% in a single day, bringing its two-week gain to 100%, driven by positive CFTC developments around on-shoring perpetuals as derivative instruments. The rally was further amplified after a Bankless podcast segment discussing LIT's protocol revenue buyback mechanism.
RT @MoonMaxxi: $LIT looking good so far, seems like the move got pushed faster thanks to @Bankless podcast. I recommend watching btw. Don…
After selling $ETH, I immediately took ~50% of the capital to VVV, NEAR, ZEC, HYPE I left the rest as capital to DCA into something not already up multiples (other than NEAR, which was ~1.40 at the time. I've finished buying $LIT with that remaining 50%
LIT up 27% and leading crypto movers Now up 100% over the past ~2 weeks https://t.co/uBUa79hdSg
$LIT is one of the more stronger assets right now riding on the back of the positive news from the CFTC in relation to the on-shoring of perpetuals as derivative instruments. It's still trading relatively cheap on a valuation perspective and it's daily buyback percentage from protocol revenue is cu
$LIT is one of the more stronger assets right now riding on the back of the positive news from the CFTC in relation to the on-shoring of perpetuals as derivative instruments. It's still trading relatively cheap on a valuation perspective and it's daily buyback percentage from protocol revenue is cu
Last Friday, the CFTC opened the door to perpetual futures in the U.S. After years of regulatory headwinds, perps are graduating from crypto’s edge into mainstream finance. @HyperliquidX has been building exactly what the market needs: a fast, onchain, 24/7, permissionless platform. As Wall Str