LIT experienced a drop of over 30% - 50% from its peak at TGE at the end of December 2025. During some periods, it even approached a 50% cut and continued to decline, which is quite lamentable.
Previously, LIT's daily fee income reached millions of dollars, seemingly prosperous, but in reality, it was a "false appearance" created by market makers (MM) to manipulate airdrops. They paid high fees to continuously rebalance and tighten spreads. Once the activity ended, MMs withdrew, and the actual daily income plummeted from 1.5 million dollars to 90,000 - 100,000 dollars, a decline of over 90%. T
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