According to @CoinMarketCap, discussion around the Lighter_xyz token generation event is centered on airdrop expectations, token distribution, and a debated $2B-$3B fully diluted valuation range, with diverse perspectives trending on CMC; source: @CoinMarketCap on X, Dec 30, 2025. For trading, market participants are watching how distribution specifics and any confirmation of the FDV range shape initial liquidity and price discovery at TGE; source: @CoinMarketCap on X, Dec 30, 2025.