Lighter's LIT token jumps 13.9% to about $3.04 amid treasury-linked buyback signals

On Monday, decentralized perpetuals exchange Lighter saw its native LIT token climb 13.9% in 24 hours to roughly $3.04, as onchain activity pointed to a possible token buyback. The protocol highlighted that fees and buybacks can be monitored via its treasury account, while treasury data showed a higher LIT balance but no formal confirmation of an active repurchase program.