Lighter (LIT) drops 11.31% to $3.62 amid Robinhood perps competition
- —LIT trades at $3.62, down 11.31% on the day
- —Volume of $95.45 million is 5.86% below the 30-day average
- —Price sits below SMA-5 ($3.93), SMA-50 ($3.94) and SMA-90
- —Market cap stands at $906.3 million; weekly loss is 25.84%
Why it matters: Robinhood's Bitstamp-backed perpetuals launch intensifies competition for derivatives liquidity, pressuring Lighter's valuation.
Source: DiarioBitcoin