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Lighter Founder Confirms Previous Large LIT Token Transfer Unrelated to Airdrop, APP May Launch in Coming Weeks

ChainCatcher news, decentralized order book exchange Lighter is expected to undergo another upgrade in 12 hours, announcements regarding token TGE may be released soon. In response to community discoveries of several large LIT token transfers by the Lighter team previously, founder and CEO Vladimir Novakovski confirmed in a Twitter Space interview that these are unrelated to airdrops, but rather for safeguarding investor and team allocation funds.

Additionally, he revealed that the universal margin system will allow L1 assets to be used as collateral on Lighter, and the mobile app will also be launched in the coming weeks.