This basically destroys the whole “zero-fee” narrative. Some people might say this is bullish (supply control), and it could be true in the short term, but in the long term it is actually worse than it seems. The narrative stated that retail would trade for free and that market
MLM
@mlmabc
Jump Crypto received a 9,284,890 $LIT airdrop (≈ $24.2M).
They began market-making on Lighter in mid-November.
Of the 9,284,890 LIT, 323,956.6 LIT was distributed to newly created wallets, which likely represents the portion earned directly for market-making activity. This
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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