LIT recent surge has attracted attention, with notable short-term volatility. What exactly happened behind the scenes?

The most direct catalyst is Lighter Protocol officially launching perpetual contract trading functionality on Avantis DEX, supporting up to 10x leverage. What does this mean? The formal expansion of the derivatives ecosystem. Professional traders and liquidity will follow, and this type of expansion always attracts institutional attention.

At the same time, on-chain data shows whales continuing to operate—transferring USDC to platforms and purchasing large amounts of LIT, with this action reaching 1.12 million tokens. From a pure supply perspective, this buyback behavior directly locks up circulating chips, providing tangible fundamental support.

Another point worth noting: Lighter recently launched a product line supporting equity perpetual contracts, with targets like MSTR and BMNR now available for 24/5 trading, completely breaking through traditional finance market time restrictions. This takes LIT's underlying asset value up another notch.

From price performance: triggered at 3.08, up 3.49% in 5 minutes, already 3.94% in 15 minutes, upward momentum at 4-hour level reaching 6.72%. Signs of continued gains in the short term are quite evident.