**Lighter (LIT) Perpetual Contracts Go Live on SOL Chain: Here's What Traders Need to Know** The perpetual futures market for Lighter's LIT token has officially opened on Pacifica, a derivatives trading platform built on the Solana blockchain. This marks a significant milestone for the LIT ecosystem, as traders can now long or short the token with leverage directly on the platform. **Price Action and Current Valuation** At the time of launch, LIT traded around $3.40 on the pre-market, but according to the latest data, the token has adjusted to $1.74, with a fully diluted valuation (FDV) standing at approximately $1.74 billion. This repricing reflects market dynamics as larger positions settled and the initial volatility stabilized. For those tracking the Lighter chain ecosystem, this represents a critical entry point to monitor. **The Airdrop Math That Matters** A key development emerged when Lighter transferred 250 million LIT tokens—roughly 25% of total supply—to a fresh address, signaling preparation for substantial airdrop distributions. The math here is straightforward: if these tokens are fully allocated, each airdrop point would be worth approximately 10.4 LIT at the current $1.74 price per token, translating to roughly $18.10 in value per point. This structure creates a compelling incentive for active participants in the ecosystem, particularly those looking to accumulate points before the actual airdrop hits. **Copy Trading as a Point-Farming Strategy** Coinbob, a blockchain analytics and algorithmic trading platform, has rolled out a new feature called Coinbob Pacifica. The tool enables users to automatically mirror the trading strategies of successful high-frequency traders operating on the platform. Rather than competing directly with pros, users can replicate winning strategies to accumulate trading points—essentially building a cushion for future airdrop eligibility. This approach democratizes access to sophisticated trading strategies, allowing retail participants to compete on a more level playing field while simultaneously farming points that could translate to meaningful airdrop rewards down the line. **Why This Matters Now** For Solana chain traders, the combination of live perpetual markets, airdrop opportunities, and accessible copy-trading tools creates a unique window. The LIT token represents the convergence of multiple trading narratives—derivative speculation, airdrop farming, and yield generation through point accumulation—all happening simultaneously on the Lighter chain infrastructure.

**USX Stablecoin on Solana Faces Brief Decoupling Crisis Amid Liquidity Squeeze** The USX stablecoin operating on the Solana blockchain encountered a significant market disruption when its price plummeted to $0.1 in secondary market trading. This sharp devaluation, occurring due to insufficient liquidity provision, triggered immediate concern within the ecosystem. However, the underlying collateral and custodial reserves managed by Solstice remained completely secure throughout the volatility, with the reserve ratio consistently exceeding the 100% threshold. Solstice's development team promptly clarified the nature of the crisis, characterizing the USX decoupling as exclusively a secondary market phenomenon rooted in liquidity constraints rather than a fundamental solvency issue. The team emphasized that the primary market maintained uninterrupted 1:1 redemption functionality, allowing users to convert USX tokens back to underlying assets at the intended peg value. To address the market instability, Solstice partnered with market-making entities to inject additional liquidity into trading venues. These coordinated efforts yielded measurable results, as the price recovered to $0.94 within the recovery period. The team committed to releasing a third-party audit report to provide independent verification of the collateral backing and reserve adequacy. The incident underscores the distinction between primary market fundamentals and secondary market dynamics in stablecoin ecosystems. While decoupling events can create short-term trading inefficiencies, the Solstice protocol's robust collateralization structure and rapid liquidity response prevented the situation from escalating into a systemic issue. The restoration of near-peg pricing and continued primary market stability demonstrated the resilience of the architecture.

Just discovered on PumpFun: The Solana token GAS500 shows interesting activity. Project details: Contract address: 4V6QhiBzYaa6jBD2WkfNDwZgCfBpVmapFdfmiGkNpump Current market metrics (24h): - Purchase volume: $32.647 - Sales volume: $24.011 - Liquidity: $0 - Market capitalization: $37.154 The token is still in a very early stage. The volume shows asymmetric buying activity, while the market capitalization is still well below $50k . The lack of liquidity indicates that this is a high-risk early-stage project.