LIT Faces Pressure from Whale Loss and Low Revenue Amid Buyback Efforts

- A whale's $1.8M

loss and Lighter's $8,450 daily revenue highlight downward pressure on the token.

- Lighter's treasury buyback program uses 50% of DEX fees to repurchase 180,000 LIT tokens ($550K spent) to reduce supply by 3%.

- Technical analysis shows 20% price drop below key support, weak RSI, and rising short-term trading activity amid bearish momentum.

- Institutional $4.86M WBTC conversion and $4M

deposits signal confidence, but LIT remains 73% below its $7.86 all-time high.