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Lighter $675M Airdrop Ranks 10th Largest in Crypto

Lighter’s $675M LIT airdrop became crypto’s 10th largest, with most recipients holding tokens, highlighting early adoption despite tokenomics concerns.

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Lighter, a decentralized exchange specializing in perpetual futures, airdropped $675 million worth of LIT tokens to early participants, marking the 10th largest airdrop in cryptocurrency history. Blockchain data shared by Bubblemaps indicates that only $30 million of the distributed tokens were withdrawn immediately, with roughly 75% of recipients retaining their holdings.

The airdrop surpassed 1inch Network’s $671 million distribution, although it remains behind Uniswap’s $6.43 billion record from 2020. Some early participants, including pseudonymous crypto investors, reportedly received six-figure allocations, signaling significant initial engagement with the platform.

Despite the strong uptake, market observers have raised concerns over Lighter’s tokenomics. Half of LIT’s supply is allocated to the ecosystem, while the remaining half is reserved for the team and investors under a one-year cliff and multi-year vesting schedule. As of reporting, the LIT token traded above $2.71 with a market capitalization of nearly $678 million, suggesting early confidence but limited liquidity for long-term market expansion.

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