Lighter Says It Repurchased 10 Million LIT Tokens Since TGE

According to the project’s post on X, the buyback totals 4% of the token’s circulating supply.

Summary

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Terms & Concepts
  • TGE (token generation event): The initial creation and issuance of a crypto token, when a project first distributes tokens to the market.
  • circulating supply: The number of tokens currently available in the market and held by the public, excluding tokens that are locked or otherwise unavailable.
  • token buyback: A repurchase of a project’s own tokens from the market, often used to reduce available supply or support token-related treasury management.