Core Insights - LIT, the token of decentralized perpetuals exchange Lighter, experienced a significant price drop of approximately 22.2% from its post-launch high of $4.04 to around $2.62, marking its lowest level since launch due to heavy selling from early recipients and leveraged traders [1] Trading Activity - Despite the price drop, LIT's trading volume surged to 13.43 million, nearly three times the previous day's volume, indicating increased market involvement driven by volatility and short-term speculation rather than long-term accumulation [2] - LIT is currently trading about 35% lower than its peak, entering a post-launch correctional phase with ongoing price discovery [3] Airdrop Analysis - Approximately 198.86 million LIT tokens were initially received by participants in the airdrop, with existing balances in wallets dropping to around 183.29 million, indicating a significant decrease in the airdropped supply [3] - Only 7.77% of wallets increased their holdings, while 45.88% reduced their balances and 46.35% made no changes, highlighting that selling activity has outpaced accumulation [4] - In total, about 150.34 million LIT, or roughly 75.6% of the airdropped tokens, remain held, while around 48.52 million tokens, or 24.4%, have been sold or transferred [4] Market Sentiment - The trading imbalance suggests that buy-side conviction has lagged behind sell-side activity during the early trading window [5] - Derivatives market data indicates consistent aggressive selling of LIT perpetual contracts across multiple time frames, reinforcing the current market sentiment [6]

Group 1 - World Liberty Financial plans to airdrop 8.4 million WLFI tokens valued at $1.2 billion, targeting early participants in its USD1 stablecoin program [1][2] - The initial WLFI token distribution will occur across six exchanges: Gate.io, KuCoin, LBank, HTX Global, Flipster, and MEXC [2] - The USD1 stablecoin is currently the sixth-largest stablecoin globally, with a market capitalization of $2.94 billion [4] Group 2 - The WLFI token has surged 20% over the past week, with daily trading volumes increasing by 27% to $266 million, indicating strong bullish momentum [5] - A key support zone for WLFI is identified between $0.14 and $0.15, while $0.19 is noted as a critical resistance level [6] - Analysts maintain a bullish outlook as long as WLFI holds above $0.15, with a target set above $0.19 for potential upward movement [7]

Tokenomics & Governance - ASTER_DEX announces on-chain execution of S3 buybacks [1] - ASTER_DEX details token airdrop plan following completion of repurchases [1]

Core Insights - Polymarket is preparing to launch a token and an airdrop for its prediction market, focusing on ensuring the token has "true utility" and "longevity" before rollout [1] - The immediate priority for Polymarket is to relaunch its product in the U.S. after a CFTC settlement effectively banned it in 2022 [1][2] - The platform has continued to grow despite challenges, becoming a trusted source for sentiment in U.S. elections [3] Company Developments - Polymarket was fined $1.2 million by the CFTC in 2022 for alleged violations, which led to its ban in the U.S. [2] - The company acquired derivatives exchange QCX in July, which received a no-action letter from the CFTC in September, allowing Polymarket to prepare for its U.S. relaunch [4] - CEO Shayne Coplan's home was raided by the FBI, with electronics seized, indicating ongoing scrutiny of the company [3] Token Launch Plans - The POLY token has been anticipated for some time, with indications that it will be launched after the U.S. reentry is secured [5] - Investors were reported to be offered token warrants in July, allowing them the right to purchase the POLY token upon its release [5] - Users on the platform have been engaging in farming strategies for a potential airdrop, with methods becoming more sophisticated over time [5]