LIT Coin has experienced notable fluctuations, leaving the crypto market in a debate about its valuation which ranges from $2 billion to $3 billion. This valuation came into question following an airdrop event where $675 million worth of LIT tokens were distributed, marking a historic airdrop.
Coinbase has listed the LIT token as the price seems to approach $3.
Lighter's LIT Token plays a crucial role within Web3, thanks to its role as an ERC-20 token. However, the strong debut of LIT Coin did not prevent an outflow of $250 million just 24 hours after a large token airdrop. Furthermore, the price of the LIT token tanked weeks after its airdrop, causing significant questioning in the community.
Justin Sun, a notable figure in the crypto community, made a bold investment in LIT Coin, which has further sparked the valuation discourse. The LIT Coin team has been implementing strategic steps to boost prices, while facing both buyback speculations and a tumultuous crypto market. Yet, the crypto is still showing signs of resilience despite general market turmoils. As such, discussions of it reaching $5 by February have been circulating. The
LITKEY Live Price Chart shows LIT Coin is maintaining a strong position amid the ongoing market events.
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