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Lighter buybacks hit 3% of supply – But LIT holds above $1 IF…

LIT faces persistent bearish pressure, trading near $1.10 with weekly losses of 23%. Despite a buyback program that repurchased 7.48M tokens (3% of supply) using protocol revenue, market sentiment remains negative. Sell volume dominates, and declining revenue and trading activity suggest continued downside risk. Key support at $1 is at risk of breaking, with further decline possible toward $0.96 unless momentum shifts above $1.30.

ambcrypto03/08 16:02