Lighter (LIT) Falls Nearly 12% as Token Drops to About $3.23

Lighter (LIT) fell roughly 11.6% to 11.7% over 24 hours through Oct. 13, trading from an intraday high of $3.99 to a low of about $3.23 as the token weakened. LIT traded near $3.40 at 4 p.m. ET (2000 UTC) Oct. 13 and closed near $3.39. The low was about 19% below the intraday high, while the daily decline was closer to 12%. Lighter is a decentralized perpetual-futures protocol built as a zero-knowledge rollup on Ethereum. Its trading platform offers leverage of up to 5x.