Lighter CEO Tackles “FUD” Claims Amid Sudden LIT Price Plunge

By: crypto insight|2026/01/15 15:30:07

Key Takeaways

LIT token experiences a significant price decline of 8% within 24 hours.
Rumors circulate about a secret LIT token sale impacting market performance.
LIT’s current market challenges suggest a critical need for price stability above $2.66.
Ongoing sell-offs and airdrop distributions contribute to LIT’s pricing pressures.

WEEX Crypto News, 15 January 2026

The recent headlines confirm a turbulent period for Lighter’s LIT token, with its price taking a steep dive over the span of a single day. The cryptocurrency noted for its promising launch has faced a severe price adjustment, declining by approximately 8% within 24 hours, which has been a significant point of discussion across crypto circles.

Navigating Market Rumors and Speculations

The descent in LIT’s value has been closely tied to allegations of a concealed token sale. Market whispers suggest that Lighter might have secretly offloaded nearly 10 million LIT tokens through a few select wallets during an airdrop phase. Such activities, if confirmed, could have undermined investor confidence significantly, leading to the observed price corrections.

The Lighter platform had originally planned for 5 million LIT tokens to serve as liquidity support during its private beta phase. However, the unexpected sell-off news has cast a shadow, raising questions about the token’s future trajectory. Price declines and simultaneous drop in On-Balance Volume (OBV) are painting a rather grim short-term outlook for LIT.

Price Movement and Technical Insights

At the close of the last trading day, LIT was hovering near $2.43. For the token to regain its footing, it must recover a key support level at $2.66. This threshold is critical to counterbalance the declining momentum and offer some stability amidst the sell-off challenges.

The technical indicators further highlight bearish signals pressing on LIT. It witnessed a significant drop, falling 20% as it broke several critical support levels. The conditions suggest that unless there is a reversal or a strong buy-in from the market, LIT might continue to face downward pressure.

-- Price

Impact of Airdrop Sales and Investor Reaction

LIT’s fall to a fresh low of around $2.05 can be attributed to a widespread sell-off by early token recipients and cooling on-chain metrics. This cooling phase includes a decrease in new user acquisitions, dwindling trading volumes, and a reduced number of active trades. These factors collectively add weight to LIT’s declining price.

Interestingly, the timing of this decline coincides with the larger crypto market trends, suggesting an urgent need for supportive buying or strategic market interventions to prevent further devaluation. However, with some technical patterns suggesting a potential bounce from the $2.05 support level, there’s cautious optimism about a near-term price recovery.

Whale Movements and Leveraged Positions

The tumult with LIT isn’t isolated to just retail or smaller investors. A focus has also been on large holders or ‘whales’, particularly one notable case where a whale engaged in a levered long position for LIT at a 3x multiplier now faces an enormous unrealized loss exceeding $2.84 million. Such substantial positions exacerbate volatility, as whales’ movements can drastically affect market conditions, leading to further uncertainties about price stability.

In light of these events, Lighter’s CEO has addressed what the community refers to as “FUD” – Fear, Uncertainty, and Doubt – surrounding these market maneuvers. The company appears keen on restoring confidence and ensuring transparency to reassure stakeholders and stabilize the trading environment for LIT.

A Positive Note for WEEX Users

Amidst these industry turbulences, WEEX users looking to diversify their portfolio or explore new investment avenues should remain informed about market movements and opportunities. To capitalize on potential growth moments and emerging opportunities, interested investors can register on WEEX [here](https://www.weex.com/register?vipCode=vrmi).

FAQ

What recent developments have impacted LIT’s price?

The recent sharp price decline is linked to rumors of a secret large-scale token sale by Lighter, alongside heavy sell-offs from airdrop recipients.

What are the technical factors affecting LIT’s current valuation?

LIT’s valuation has been heavily affected by breaking multiple support levels, cooling on-chain metrics, and declining technical signals like OBV.

Why is there concern about the LIT token’s future?

Concerns stem from alleged undisclosed sales during its airdrop phase, along with the general bearish trend backed by reduced market activity.

How are whale movements influencing LIT’s market?

Significant trades by whales, such as large leverage positions, have increased volatility and uncertainty, impacting LIT’s pricing stability.

What should potential investors consider in light of LIT’s plunge?

Investors should monitor critical support levels, such as $2.66, and assess market sentiment before making investment decisions. Engaging with reliable platforms like WEEX can offer insightful market analyses and trading opportunities.

On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.

2025 Full Year and Fourth Quarter Financial and Operational Highlights

• Financial Performance:

Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.

Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.

Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.

• Mining Operations and Costs:

A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.

The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;

The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.

As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.

• Strategic Progress:

The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.

CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."

"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."

The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."

Fourth Quarter 2025 Ongoing Operations Financial Performance

Revenue

The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.

Operating Costs and Expenses

The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.

This includes:

· Cost of Revenue (excluding depreciation): $1.553 billion

· Cost of Revenue (depreciation): $38.1 million

· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)

· Mining Machine Impairment Loss: $81.4 million

· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million

Profit Situation

The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.

The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.

The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.

Full Year 2025 Ongoing Operations Financial Performance

Revenue

The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.

Operating Costs and Expenses

The total annual operating costs and expenses amount to $1.1 billion.

Specifically, they include:

· Revenue Cost (excluding depreciation): $543.3 million

· Revenue Cost (depreciation): $116.6 million

· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)

· Miner Impairment Loss: $338.3 million

· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million

Profitability

The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.

The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.

Financial Position

As of December 31, 2025, the company's key assets and liabilities are as follows:

· Cash and Cash Equivalents: $41.2 million

· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million

· Miner Net Value: $248.7 million

· Long-Term Debt (related party): $557.6 million

In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.

Stock Repurchase

As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.

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