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Joined September 2021
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Reid retweeted
"@Lighter_xyz lost the @RobinhoodApp perps integration everyone thought was coming"
sometimes just thinking a little bit apart from reacting to a headline will do good.
so would reading up on NBBO & licenses and how Lighter's setup is the most likely the get the aforementioned (no fees for retail and circuits rather than decentralised network)
Robinhood will integrate many venues, but they will be forced to pick the best price.
Just over 60 days left on $LIT before the insider cliff hits
Some context:
> @Lighter_xyz lost the @RobinhoodApp perps integration everyone thought was coming, allow sellers and shorts to dominate in October
> Rejected at supply near $4 twice and has come all the way back to where the CHoCH broke. That level is the test now
> Lighter burned another 2,452,017 $LIT on Oct. 11 from Q3 buybacks. 100% of trading fee revenue goes straight into open market purchases
> Dec. 28 starts 500M LIT vesting, 50% of total supply, about 3.2M a week into late 2029
> The entire circulating supply today is the airdrop. Insiders haven't been able to sell a single token yet
I think long term $LIT is a winner and undervalued vs. $HYPE. Will be DCAing between $2 - $3 range
