Robinhood Listing Sparks Lighter Rally: Token Recovers After 15% Dip

Robinhood has listed Lighter DEX’s LIT token, shrugging off the altcoin’s 15% dump on Thursday. The listing has inspired recovery for the DEX token, which now trades at $2.11.

The move comes only hours after Lighter announced the roll-out of its much-awaited LIT staking, with details about how holders can now earn rewards and access additional features across the platform.

Lighter Price Recovers From 15% Crash After Robinhood Listing

BeInCrypto reported Lighter’s 15% crash following the network’s staking feature roll-out. However, while the token was still underwater by double-digits, reports revealed Robinhood’s planned listing of Lighter’s native token, LIT, causing a speedy recovery.

As of this writing, Lighter’s LIT token was trading for $2.09 on MEXC exchange, with the token expected to be available for trading on Robinhood soon.