The Rollup founder offers a sobering analysis of the bear market and reveals his intention to conditionally purchase Lighter tokens.

Andy, founder of cryptocurrency media platform The Rollup, is drawing attention from the industry by offering a sobering analysis of the post-token issuance prospects of decentralized exchange (DEX) Lighter and announcing his conditional purchase intention.

Andy recently predicted through Channel X that "after the initial token volatility subsides, open interest in lighters is likely to decline by more than 20%, and trading volume by more than 30%." He candidly assessed the current market situation, stating, "This is not a bull market, but rather a sideways or bearish market environment," and that "the overall outlook is not bright."

This appears to reflect the phenomenon of many projects experiencing rapid declines in their indicators due to mass selling by early airdrop participants and decreased market interest in the token issuance.

However, even amidst the pessimistic outlook, Andy presented clear investment criteria. He stated, "If the fully diluted value (FDV) of Lighter Token (LIT) is around $2 billion, I would still choose to buy."

Andy's comments underscore the importance of realistic data analysis and clear valuation criteria when investing in new tokens in the current bear market.

Lighter OI likely drops by 20%+ and volume decreases by 30%+ after the initial token volatility settles.

This ain't a perps market right now. It's a crabby, bearish leaning market that really doesn't look good.

That being said, I'm a buyer of $LIT at $2B FDV. HYPE playbook. pic.twitter.com/uSaf6L80Ee

— Andy (@andyyy) December 28, 2025

Joohoon Choi joohoon@blockstreet.co.kr