Lighter: Buyback Model and Robinhood Upside

Lighter is described as potentially undervalued.

The post argues that $LIT has a market cap of only about 4% of HYPE, while already reaching around 20% of HYPE’s trading volume, 8% of its open interest, and 9% of its TVL.

It also points to possible upside from a Robinhood partnership, which could bring in a new audience.

Another positive factor mentioned is the project’s buyback and burn model, where part of fees is used to repurchase and burn $LIT.

The main risk noted is that major token unlocks for the team and investors begin in December 2026, which could pressure the token price.