Lighter's LIT token climbed more than 10% in 24 hours to a new local high of $5.30, extending its seven-day gain beyond 50%, before retreating 6%. The move was accompanied by more than 110 million LIT staked, equal to 44.2% of circulating supply, while a whale's staking balance surpassed 6.598 million tokens valued at $31.63 million. Lighter has bought back 17.50 million LIT since its token generation event, equivalent to 7% of circulating supply. Futures open interest crossed $1 billion and August trading volume exceeded $39.5 billion, with activity partly boosted by Lighter's integration into Robinhood Chain. The rally also broke above the $4.90-$5 zone, which formed the neckline of an inverted head-and-shoulders pattern, although the token later lost that area as support. An earlier CoinMarketCap-based account recorded a nearly 15% daily gain, an almost 49% weekly increase and a record above $5.2 on Sept. 9. Robinhood previously said Lighter allocated 11 million tokens to its community, while the newer account describes the same-sized allocation as farming rewards.