Lighter (LIT) Rises 18% After Integration with Circle's Arc Network
- —LIT rose 18% in 24 hours, market cap exceeded $1.2 billion
- —DEX integrated into Circle's Arc network for USDC deposits
- —Whales accumulated 979,000 LIT worth $4.24 million, some staked
- —Open interest falls as price rises, a sign of short covering
Why it matters: The Arc integration could bring USDC liquidity inflows, and a breakout above $4.38 opens the path to the all-time high of $5.30.
Source: AMBCrypto