The price of Lighter's LIT token has increased by 14% following indications of an active buyback program. According to reports, Lighter previously stated its intention to allocate revenues between growth initiatives and token buybacks, with the decision dependent on prevailing market conditions. The recent price movement suggests that Lighter has initiated its buyback program, potentially signaling confidence in the project's financial health and future prospects. Token buybacks are often used to reduce the circulating supply, which can increase the value of the remaining tokens.

The price of Lighter's LIT token has increased by 14% following indications of an active buyback program. According to reports, Lighter previously stated its intention to allocate revenues between growth initiatives and token buybacks, with the decision dependent on prevailing market conditions. The recent price movement suggests that Lighter has initiated its buyback program, potentially signaling confidence in the project's financial health and future prospects. Token buybacks are often used to reduce the circulating supply, which can increase the value of the remaining tokens.