Justin Sun Has Not Sold His LIT Tokens

In his statement, Justin Sun confirmed that he still holds all the Lighter (LIT) tokens he purchased earlier in his wallet. He emphasized that he maintains a long-term position in LIT and remains optimistic about the project. This suggests that Sun is focusing on the project’s long-term potential rather than short-term price movements. The well-known crypto entrepreneur also mentioned that he has rebalanced his portfolio and plans to reinvest in Lighter tokens soon.

“I still hold all the LIT tokens I purchased. I maintain my long-term long position in Lighter and plan to buy more soon.”

This statement indicates that Sun continues to trust the project, while the market closely monitors the buying plans of major investors. Analysts say that such statements can significantly increase investor interest, especially in the altcoin market. Earlier this year, Justin Sun made a major investment in the Lighter (LIT) token. According to available data, Sun purchased approximately 13.25 million LIT tokens worth about $33 million. This amount corresponds to roughly 1.33% of the total LIT supply and 5.32% of the circulating supply, making Sun’s influence on LIT particularly significant.

“HODLer” Comment from the Lighter Founder

During a recent Q&A event, Litentry (LIT) founder Vladimir Novakovski also made an interesting comment about Justin Sun. Novakovski emphasized Sun’s approach to the project and his long-term investment strategy, describing him as a “HODLer.” In the crypto world, the term “HODLer” refers to an investor who holds their assets for a long period without being affected by short-term market fluctuations, maintaining strong confidence in the project.

Novakovski’s comment was interpreted as an important indication of Justin Sun’s long-term commitment to the LIT token. Moreover, the fact that a well-known industry figure has invested in the project and continues to hold the tokens is considered a reassuring signal for investors. Analysts note that statements highlighting the commitment of major investors can strengthen community support and increase market interest in a project.

Latest Situation in the LIT Price

Despite Justin Sun’s statements, the price of Lighter (LIT) has dropped by approximately 6.6% in the past 24 hours. At the time of writing, the LIT token is trading at around $1.20. Analysts state that while statements from large investors can influence prices in the short term, the long-term performance of the token will ultimately depend on the project’s development and overall market conditions. Justin Sun’s comments about the Lighter (LIT) token have once again drawn market attention to this altcoin. His decision to continue holding all his tokens and his plan to make additional purchases are seen by investors as a sign of confidence in the project. How the LIT price will react in the coming period will largely depend on the overall direction of the crypto market and future developments within the project.3

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The post A Surprise Altcoin Statement from Justin Sun: “I Will Buy It!” appeared first on Coin Engineer.

Developments Driving the LIT Price Increase

The surge in LIT was fueled by speculation around the protocol’s treasury movements. On-chain data shows a steady increase in the amount of LIT held in Lighter’s treasury, strengthening expectations that these holdings could support a potential token buyback. The timing of these on-chain movements coinciding with the price rise further reinforced positive market sentiment.

Lighter officially confirmed via its X (formerly Twitter) account that its treasury account can be monitored by anyone through a block explorer, allowing transparent tracking of protocol revenues and potential token buybacks. This step highlights not only short-term price dynamics but also the protocol’s commitment to accountability and long-term value sharing.

What the Treasury Data Shows

As of Monday night, the Treasury Account (#0) held 180,588 LIT tokens worth approximately $548,987. This steady accumulation demonstrates Lighter’s focus not just on short-term price movements, but on long-term strategic planning. The increase in the treasury indicates the protocol’s commitment to strengthening liquidity management and buyback capacity.

Previous announcements from the Lighter team stated that revenue usage would be carefully planned, balancing ecosystem growth with token buybacks depending on market conditions. The latest treasury movements signal that this policy is now actively being implemented. The on-chain growth is seen by investors as a concrete sign of the protocol’s transparency and accountability.

What Officials Say

The Lighter team emphasizes that its main goal is to ensure that protocol revenues return long-term value to LIT holders. This approach aims to create sustainable value sharing between the protocol and its investors, rather than focusing solely on short-term price gains.

The team stated:

“We aim for the value generated by all Lighter products and services to accumulate for LIT holders through growth initiatives and potential token buybacks.”

This statement shows that the token buyback mechanism is designed as a strategic move for long-term value alignment and ecosystem stability, not merely as a speculative tool. Transparent treasury management and shared on-chain data allow investors to follow the protocol’s strategies with confidence, boosting trust among both institutional and retail participants and supporting Lighter’s sustainable growth goals.

Strong Fundamentals and a Growing Ecosystem

Since launching its mainnet in October, Lighter quickly became one of the most popular perpetual trading platforms. With over $200 billion in monthly trading volume reported in December, Lighter surpassed competitors like Aster and Hyperliquid. Recently, the platform raised $68 million in funding at a $1.5 billion valuation, led by Founders Fund and Ribbit Capital.

Lighter has committed 50% of its total 1 billion token supply to the ecosystem. Under the Token Generation Event (TGE), 25% of the supply was distributed via airdrop, and currently around 250 million LIT tokens are in circulation. Analysts will closely monitor the treasury’s movements, the frequency and scale of buybacks, and other key metrics to assess whether the recent LIT price surge is sustainable.

Buyback Expectations Behind the LIT Surge

The nearly 14% increase in LIT is largely supported by expectations of active token buybacks, transparent treasury data, and strong operational growth. In the highly competitive perpetual trading market, Lighter’s token management strategy could serve as an important reference point not only for LIT but also for other protocols in the DeFi ecosystem.

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How Will LIT Token Distribution Work?

According to Lighter, 50% of the token supply is allocated to the ecosystem. This includes a 25% airdrop for participants in the first two “points seasons” of 2025. The airdrop aims to reward early participants who contribute to the ecosystem’s growth. The rest of the ecosystem allocation will be used for future incentive programs, strategic partnerships, and sustainable growth initiatives for the platform.

26% of the total supply is allocated to the Lighter team, and 24% to investors. Tokens held by the team and investors will be locked for the first year and then gradually released over the following three years. This mechanism ensures a stable distribution without sudden market fluctuations, contributing to price stability.

Transparency and Transaction Information

Lighter emphasizes that all decentralized exchange revenues will be fully transparent and trackable on-chain. This allows investors to monitor platform revenues directly and securely, significantly strengthening trust and transparency within the DeFi ecosystem. This approach particularly enhances confidence among both institutional and individual investors.

The LIT token initially started trading against USDC, reaching around $2.30 in early trading hours. This price level is seen as a launch-aligned starting point, reflecting market expectations and indicating strong investor interest from day one.

Lighter’s Market Position and Future Plans

After completing its mainnet update in October, Lighter quickly became one of the most used perpetual DEXs alongside Hyperliquid and Aster. This success has increased Lighter’s influence within the DeFi ecosystem, providing investors with new opportunities.

The Lighter team continues to improve the platform and enhance user experience. LIT token distribution and staking programs aim to attract users to the platform and encourage long-term participation. Analysts note that the LIT token has strong potential to gain value in the future, especially through ecosystem incentives and strategic partnerships.

The post The Long-Awaited LIT Token Announcement from Lighter Has Arrived! appeared first on Coin Engineer.

LITUSDT Perpetual Contract Details

According to Binance’s official announcement, the LITUSDT perpetual contract will begin trading on Binance Futures Pre-Market on December 23, 2025, at 15:00. The contract will allow investors to use up to 5x leverage, enabling short-term positioning and the ability to benefit from early price movements.

This step stands out as a strategic move aimed at facilitating the price discovery process before the LIT token becomes fully tradable on the spot market, allowing investors to more quickly assess supply and demand dynamics. At the same time, the Pre-Market launch is intended to increase liquidity and provide users with early access to the asset.

What Are Pre-Market Trades?

Pre-Market trading allows an asset to be bought and sold on the futures market before its main listing. This enables:

• Investors to take early positions
• Market expectations to be priced more clearly
• Liquidity and interest levels to be measured in advance

However, it is emphasized that Pre-Market trading involves high volatility and that the risks of leveraged trading should be managed carefully.

What Is Lighter (LIT)?

Lighter is a high-performance, verifiable decentralized exchange (DEX) built on a decentralized Zero-Knowledge Rollup (ZK-Rollup). It aims to combine Ethereum’s security and composability with speed and scalability comparable to traditional high-frequency finance (HFF). Lighter is a fully verifiable decentralized derivatives (perpetual futures) and spot trading platform built on Ethereum using a custom ZK infrastructure.

Lighter aims to solve a core problem in DeFi by combining the speed and efficiency of centralized exchanges with the security and transparency of on-chain decentralization. It uses zero-knowledge (ZK) proofs to ensure that all operations—including order matching and liquidations—are cryptographically proven and publicly verifiable on Ethereum.

Assessment

The launch of the Pre-Market phase for $LIT on Binance Futures represents a critical step in terms of both price discovery and trading volume. While leverage of up to 5x offers opportunities for short-term traders, it also requires a cautious strategy due to the higher risk involved. In the coming days, price action in the $LITUSDT contract may provide important signals regarding the token’s potential performance in the spot market.

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The post Binance Futures Lists a Surprise Coin on the Pre-Market! appeared first on Coin Engineer.

Project Concept

Lighter is a fully verifiable decentralized perpetual futures and spot trading platform built on Ethereum using a custom ZK infrastructure.

The project addresses a key problem in DeFi: combining the speed and efficiency of centralized exchanges with the security and transparency of on-chain decentralized trading. All trades, including order matching and liquidations, are cryptographically verified using zero-knowledge (ZK) proofs on Ethereum.

How the Platform Works

Lighter operates as a ZK-rollup perpetual DEX with the following flow:

• Users place orders on ETH, USDC, or other supported assets.
• Custom ZK circuits match orders and evaluate risks.
• Trades are batched and verified with SNARK proofs, then submitted to Ethereum.
• Liquidations and funding are managed via Chainlink oracles; isolated and cross margin supported, with leverage from 3x–25x.

The platform is compatible with the Arbitrum network and operates in a non-custodial and permissionless manner. On Lighter, market makers earn revenue from the spread by providing liquidity, while takers pay a taker fee for executing trades.

Team and Founders

• Founder & CEO – Vladimir Novakovski: Graduated from Harvard at 18 and became CEO at 22. Previously co-founded the AI social network Lunchclub, which pivoted to focus on Lighter. Extensive experience in engineering and trading.
• Engineering Lead – Emin Ayar: Core team member responsible for developing the platform’s technical infrastructure.

The team brings DeFi and blockchain expertise to build a high-performance perpetual trading platform.

Investors and Key Partners

Lighter is backed by prominent crypto and tech investors:

• Founders Fund
• Haun Ventures
• Ribbit Capital
• Andreessen Horowitz (a16z)
• Lightspeed Ventures
• Dragonfly Capital
• Robinhood Markets (partner)

These partnerships enhance the project’s credibility and long-term potential.

Governance

Currently, Lighter is centrally governed by the team and investors. The token (LIT) has not yet been launched, so DAO or token-based governance is inactive. Future token release may enable community-led decision-making.

Roadmap

While a public roadmap is limited, recent developments and funding milestones include:

• 2022–2024: Setup, seed funding, and testnet launch.
• 2025 Q1–Q3: Public mainnet launched, perpetual products expanded (ICP, FIL, STRK) with FX and equity perps added (GBP/USD, AAPL, NVDA).
• 2025 Q4: Spot trading mainnet live (ETH/USDC), mobile integration, and RWA expansion (commodities, equities).
• Future: Institutional APIs, multi-chain derivatives, token generation event (TGE), and monetization tools.

The platform has 500,000+ users and cumulative trading volume exceeding $279 billion.

Token Information

• Total Supply: 1,000,000,000 LIT
• Max Supply: 1,000,000,000 LIT

Token Use Cases

Although the token is not yet released, potential use cases include:

• Platform governance
• Liquidity incentives
• Community and trading rewards
• Converting the points program into a token economy

Currently, rewards are distributed through the points system.

Ecosystem

Lighter’s ecosystem includes:

• Perpetual futures infrastructure
• Points reward program
• Layer 2 zk-rollup protocol
• Cryptographically verifiable order matching and liquidations
• Developer tools and API support
• Community channels (X/Twitter, Discord)

Performance and Features

• Scalability: Tens of thousands of orders per second with millisecond latency.
• Efficiency: Zero fees for retail, HFT-optimized infrastructure, custom ZK circuits.
• Verifiability: All trades are publicly verified via SNARK proofs.
• Security: Ethereum-based, non-custodial, MEV-protected.
• Multi-Market Support: Perps, spot, FX, equity, and RWA; leverage 3x–25x, isolated margin, funding.
• Institutional Tools: Low-latency APIs, liquidity pools, Chainlink integration.
• Mobile & Integrations: Liquid mobile access, automated liquidation via XLP.

Official Links

• Website
• Twitter
• Telegram
• Discord

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Lighter’s Rapidly Growing User Base

Starting with just 100 users during its beta period, Lighter quickly reached over 188,000 unique accounts. Over 50,000 active users continue to use the platform daily. Meanwhile, retail users are exempt from transaction fees. However, API access and high-frequency trading services are offered for a fee and are heavily preferred by professional investors. This structure ensures the platform’s revenue while maintaining a high-quality user experience.

You May Be Interested In: What is Lighter and How to Use It?

Security and Integration-Focused Approach

The protocol has implemented automatic protection mechanisms against wash trading and Sybil attacks. These measures guarantee that users can trade in a secure environment. Additionally, the Lighter team plans to increase integration with Ethereum DeFi projects and other Layer 2 ecosystems. This enables the platform to become a strong and lasting player in the blockchain derivatives market.

The second season of the points program planned for 2025 has also officially begun. Users earn various rewards by participating in activities on the platform and generating trading volume. This step stands out as a critical part of Lighter’s strategy to expand its user base and establish a lasting presence in the ecosystem.

The post Lighter Launches Ethereum Layer 2 Mainnet appeared first on Coin Engineer.

What is Lighter?

Lighter is a decentralized perpetual derivatives trading platform built on Arbitrum One. Currently in its testnet phase, it aims to reshape how perps trading is done in DeFi by combining the speed and user-friendly features of centralized exchanges with the transparency and trustlessness of decentralization. Using innovations like SNARK-based verifiable matching and proof-of-liquidation, Lighter ensures fairness and reliability at every stage of trading.

Key Features of Lighter

Lighter differentiates itself from other DeFi platforms with several unique mechanisms:

• Verifiable Matching:
  Its matching engine operates on the Price-Time Priority rule, ensuring that orders are matched fairly by price and then by time. With the use of zero-knowledge proofs (SNARKs), traders can cryptographically verify that no manipulation occurs.

• Transparent Liquidation:
  Instead of relying on opaque centralized oracles, Lighter verifies every liquidation through Liquidation Proofs, eliminating risks of favoritism or fraudulent activity—especially during high volatility.

• Anti-Self-Trading Mechanism:
  The platform prevents wash trading and artificial volume creation, keeping trading activity authentic and manipulation-free.

• Public Pools:
  Retail investors can allocate funds into pools managed by professional traders (Operators). Profits are distributed proportionally to contributions, creating a community-driven revenue-sharing model.

• Points Program:
  Testnet participants can earn points by trading, reporting bugs, or providing feedback. These points will be redeemable for rewards after the mainnet launch.

Lighter’s Modular Ecosystem

Lighter’s infrastructure ensures efficiency and safety with the following components:

• Matching Engine: Handles transparent order execution.

• Smart Contracts: Manage margin, PnL, liquidations, and order flow.

• Margin System: Divided into Initial Margin (IMR), Maintenance Margin (MMR), and Close-out Margin (CMR).

• Insurance Fund: Covers negative balances.

• Public Pools: Professionally managed community liquidity.

• Sub-Accounts & API Keys: Support multi-strategy trading and automated bots.

How Lighter Works

At its core, Lighter runs on an order book system. Market makers profit from bid-ask spreads, while takers execute trades with zero slippage. Thanks to Arbitrum Layer 2, traders benefit from lower costs and faster transactions compared to Ethereum mainnet.

Order Placement

• Traders can submit Market, Limit, Stop-loss, Take-profit, or TWAP orders.

• Options include Reduce-only, Post-only, and Time-in-force (e.g., GTC, IOC).

• The matching engine executes based on price-time priority, with SNARK verification for fairness.

Mark Price and Valuation

Position value is determined by:

• Index Price (spot market reference),

• Funding Premium,

• Impact Price (liquidity depth from the order book).

The Mark Price is used for PnL, margin requirements, and liquidation triggers.

Margin & Liquidation Management

• IMR: Minimum margin to open new positions.

• MMR: Triggers partial liquidation if breached.

• CMR: If equity falls below this level, full liquidation occurs. Remaining balances go to the Insurance Fund, with Auto-Deleveraging (ADL) kicking in if needed.

Funding Mechanism

Funding payments are exchanged hourly based on the difference between Mark and Index prices:

• Positive rate → Longs pay Shorts.

• Negative rate → Shorts pay Longs.

This balances the market and discourages extreme speculation.

PnL Calculation

• Unrealized PnL = (Mark Price – Entry Price) × Position Size

• Account Value = Margin + Unrealized PnL

• Funding fees directly impact realized PnL.

Account & Pool Management

• Sub-Accounts allow multiple strategies under one wallet.

• API Keys enable automated trading setups.

• Public Pools let users back professional operators and share profits proportionally.

How to Use Lighter (Step by Step)

To try Lighter during its testnet phase, you’ll need an Arbitrum One-compatible wallet (e.g., MetaMask). Here’s the process:

1.Connect Your Wallet

• Link your Arbitrum wallet to the Lighter dApp.

2.Set Up Accounts

• Create your trading account and optionally add Sub-Accounts for different strategies.
• Generate API Keys if you plan on running automated bots.

3.Place Orders

• Choose your order type (Market, Limit, Stop-loss, etc.).
• Configure advanced options (Reduce-only, Post-only, Time-in-force).
• Confirm, and the matching engine executes the trade with SNARK verification.

Manage Margin & Positions

• Monitor IMR, MMR, and CMR levels.
• Keep enough collateral to avoid liquidation risks.
• Track Mark Price to stay ahead of potential margin calls.

Join Public Pools

• Deposit funds into pools managed by Operators.
• Earn profits based on your contribution share.

Earn Points

• Trade, report bugs, and share feedback to accumulate points.
• Redeem them for rewards once the mainnet goes live.

Track Funding & PnL

• Check hourly funding payments.
• Monitor both realized and unrealized PnL in the dApp dashboard.

Official Links

• Website
• X (Twitter)

Also, click to read our article titled “Top 5 Perp DEXs: 2025 Updated List!”

Top 5 Perp DEXs: 2025 Updated List!

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