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Lighter Trading Platform Sees $250 Million Withdrawn 24 Hours After Airdrop
Source: CryptoNewsNet Original Title: Lighter trading platform sees $250 million withdrawn 24 hours after airdrop Original Link: Onchain data revealed that roughly $250 million was withdrawn from decentralized perpetual exchange Lighter after it airdropped $675 million worth of LIT on Tuesday.
According to analysis, Lighter users withdrew roughly $201.9 million worth of tokens on the Ethereum blockchain and approximately $52.2 million on Arbitrum.
These outflows represent more or less 20% of Lighter’s total value locked (TVL) assets that total $1.4 billion. While this is a large number, outflows like this following an airdrop are not uncommon as users rebalance hedging positions and move capital to the next farming opportunity.