I’ve been watching $LIT closely today. The move wasn’t just about price—what really caught my attention was the decision to make the buyback a permanent burn mechanism.

Burning around 15.5M tokens (about 6.3% of the circulating supply) is definitely meaningful from a supply perspective. Add to that the whale activity, and it’s easy to see why everyone is talking about it.
That said, I don’t like chasing a candle after an 18–20% jump. If momentum stays strong and volume remains healthy, the trend could continue. But if buyers start slowing down, a pullback to establish support wouldn’t surprise me either.
For me, the interesting question isn’t whether LIT can pump another 5–10% today—it’s whether this new deflation model can actually create long-term value for the token.
What’s your take?
Do you think the permanent burn changes the game for $LIT, or is the market getting ahead of itself? 👇
https://gate.onelink.me/Hls0/group?chatroom=group&ref=VVhBVA9a&ref_type=105