Lighter DEX conducted one of the biggest token giveaways in crypto history, distributing $675 million worth of LIT tokens to early participants, making it the 10th largest airdrop by US dollar value. Holders showed confidence in the project, with 75% holding the tokens and 7% buying more on the market. However, concerns over the tokenomics remain, with 50% of the supply reserved for the ecosystem and the rest for the team and investors. The LIT token has a market capitalization of $678 million, trading at $2.71, but long-term success will require more trading volume and user retention.

Read more at Cointelegraph: $675M Lighter Airdrop Becomes 10th Largest in Crypto History