Lighter's founder confirmed that the previous large transfers of LIT tokens are unrelated to airdrops, and the app may be launched in the coming weeks

The decentralized order book exchange Lighter is expected to undergo another upgrade in 12 hours, and announcements regarding the token TGE may be released soon. In response to the community's discovery of multiple large transfers of LIT tokens by the Lighter team, founder and CEO Vladimir Novakovski confirmed in a Twitter Space interview that these transfers are unrelated to any airdrop, but are intended for the custody of funds allocated for investors and the team.

Additionally, he revealed that the universal margin system will allow L1 assets to be used as collateral on Lighter, and the mobile app will be launched in the coming weeks.