@ownarnab.base.eth
Key highlights from the event:
They airdropped 250 million $LIT tokens (25% of total supply) directly to early users who earned points by trading on the platform in 2025 no claiming needed, zero fees/vesting.
At launch prices, the airdrop was valued at around $675 million, making it one of the top 10 largest crypto airdrops ever.
The token debuted trading around $2.58–$2.62, with high daily volume (~$24 million) and some big buys (e.g., Justin Sun reportedly scooped up millions worth).
Farmers/early traders celebrated huge gains, but there was also drama: outflows of ~$250 - $500 million post-launch, price dips, and criticism over the 50% allocation to team/investors (with vesting) and potential sybil farming.
The bottom part shows real-time X posts reacting to it - excitement from airdrop recipients mixed with skeptics calling it "overrated."
Overall, it was a massive (and controversial) end-of-year event in DeFi perps trading, rivaling platforms like Hyperliquid. $LIT is still trading actively into 2026.
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