According to a report from Bjj News, lighter’s official statement said it has completed the destruction of 15,638,702 lit. The related tokens have been permanently removed from circulation. This burn amount corresponds to the amount of lit repurchased through programmatic mechanisms as of the end of Q2 2026, accounting for about 6.3% of the circulating supply. Previously, lighter said that lit repurchases would be carried out through burns to permanently reduce the token supply.

LIT7.73%
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RevokingPermissionsOnARainy
· 2h ago
15M+ litecoin is sent straight into the black hole, and holders are happy
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Mirror-FinishTeacupWith
· 2h ago
Buyback equals burn, and the deflationary narrative is fully amplified.
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BearMarketWithAHintOfOrange
· 2h ago
Burning 6.3% of the circulating supply—does this intensity work?
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SandwichDodger
· 2h ago
This wave of operations by Lighter is pretty conscientious—unlike some projects that only talk but don’t do anything.
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DegenLibrarian
· 2h ago
The programmatic buyback continues through Q2 2026, and it is bullish in the long term
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TvlDownBad
· 2h ago
A 6.3% burn rate doesn’t seem like much, but if it keeps happening, it’s very tasty.
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