Based for everynyan
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MUTE
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$LIT is currently trading around a $3.5b fdv (pre-market) but what should we expect at tge? i’m very curious too. there’s noise about lighter everywhere, and the launch is most likely happening next week > lighter has massive potential to become a tier-1 perps platform > lighter did $4.754b in volume over the last 24h, but revenue is still weaker compared to hyperliquid > buybacks are announced, but they’re not aggressive compared to hyperliquid post-tge scenarios: bearish (fdv below $1b): price sells off right after listing, real demand never materializes, and the market refuses the implied valuation neutral: tge is followed by sell pressure from the airdrop and weak market sentiment. price stabilizes into a consolidation range, with a breakout only coming once conditions improve, targeting $4-7b fdv hype-driven: an explosive start pushes fdv to $6b+, then momentum fades and distribution begins as fomo cools off and buyers step back.
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