Lighter’s LIT token came under renewed selling pressure after Robinhood directed eligible U.S. perpetual-futures activity through Bitstamp rather than Lighter. LIT rose from approximately $4.00 at the beginning of September to $5.60 on Sept. 24, a gain of about 40% that followed Bitwise’s launch of the Lighter Staking ETP and trader expectations of deeper Robinhood Wallet integration. After the Sept. 30 announcement, LIT broke below the $4.00 support level and reached $3.6719 before rebounding to $3.7325. Volume rose 183% to $204 million. CoinGlass data showed $7.2 million in liquidations, including approximately $6.9 million in long positions and $304,091 in shorts, with nearly 2,000 traders affected and volatility above 23%. Separate market snapshots previously placed LIT at $3.86, with a 13% 24-hour decline, 26% seven-day decline and $254 million in 24-hour volume. Lighter’s protocol nevertheless processed approximately $1.6 billion in perpetual trades over 24 hours, while open interest stood near $590 million and the platform continued generating fees. A recovery would require LIT to reclaim $4.00, while sustained activity and fee generation could indicate that token weakness has not yet reduced protocol usage. Robinhood has not publicly confirmed that its existing Lighter Wallet integration was terminated in eligible jurisdictions.