Lighter's LIT token rose by double digits over a recent 24-hour period to a local high of $5.30, extending gains of more than 50% over seven days, before falling 6% at press time. The rally was supported by tokens moving from centralized exchanges (CEXs) to LIT staking addresses, including more than 140,000 tokens purchased on OKX and Bybit and withdrawn to one address. The whale's staking portfolio exceeded 6.598 million LIT, valued at $31.63 million, while more than 110 million LIT was staked overall, equal to 44.2% of circulating supply. Lighter also allocated 11 million tokens for farming rewards and bought back 17.50 million tokens since its token generation event, or 7% of circulating supply. Open Interest (OI), the value of outstanding derivatives contracts, topped $1 billion, while August trading volume exceeded $39.5 billion, partly following Lighter's integration into Robinhood Chain. Technically, LIT broke above the $4.90-$5 zone, which also formed the neckline of an inverted head-and-shoulders pattern, while the shoulders sat above the 20 SMA. Bollinger Bands widened after tightening, and Technical Ratings showed a strong buy on daily and weekly timeframes but a sell signal over six months. The subsequent retreat left the former peak acting as resistance rather than support, with whale profit-taking contributing to bearish pressure.