Lighter (LIT) drops about 16% in 24 hours as OI slips and whale selling rises

Lighter (LIT) fell about 16% over the past 24 hours, even as it stayed roughly 30% higher on the week. The pullback followed a sentiment hit tied to the SEC delaying tokenized-stock trading and came alongside a broad Open Interest drop of more than 20% across exchanges. LIT also slid from $1.47 to $1.09 and lost the $1.25 area, returning to a longer consolidation range.