Robinhood has listed Lighter DEX’s LIT token, shrugging off the altcoin’s 15% dump on Thursday. The listing has inspired recovery for the DEX token, which now trades at $2.11.
The move comes only hours after Lighter announced the roll-out of its much-awaited LIT staking, with details about how holders can now earn rewards and access additional features across the platform.
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Lighter Price Recovers From 15% Crash After Robinhood Listing
BeInCrypto reported Lighter’s 15% crash following the network’s staking feature roll-out. However, while the token was still underwater by double-digits, reports revealed Robinhood’s planned listing of Lighter’s native token, LIT, causing a speedy recovery.
As of this writing, Lighter’s LIT token was trading for $2.09 on MEXC exchange, with the token expected to be available for trading on Robinhood soon.
Source: https://beincrypto.com/robinhood-listing-sparks-lighter-rally-token-recovers-after-15-dip/