LIT: Ethereum Contributor Withdraws 500K Tokens

LIT moved after an address tied to Ethereum early contributor billΞ.eth withdrew 500,000 tokens valued at $2.07 million from the Lighter protocol two hours ago.

Lighter serves as the built-in Perp DEX inside Robinhood Wallet, driving recent volume growth that lifted $LIT more than 97% over the past month.

Price action on the 4h chart shows LIT trading inside the Bollinger Bands with upper resistance at $0.81 and lower support at $0.69 while the EMA50 at $0.77 and EMA200 at $0.79 act as concrete resistance layers above the current $0.74 level; the MACD death cross at -0.03 reinforces bearish momentum even as RSI at 47.01 remains neutral, suggesting any test of upper-band resistance will likely meet selling pressure before a retracement toward the 50-EMA confluence zone.