Despite the altcoin dropping 15% on Thursday, Robinhood will reportedly list its LIT token on its Lighter DEX today. Rumors of a listing prompted a rally in the DEX token, which is currently trading at $2.09.
The move comes just hours after the writer announced the long-awaited rollout of LIT staking, along with details on how holders will be able to earn rewards and access additional features across the platform.
Light prices recover from 15% plunge after rumors of Robinhood listing
BeInCrypto reported that Lighter crashed 15% after rolling out the network’s staking feature. However, the token was still underwater at double-digit levels until reports revealed Robinhood’s plans to list LIT, the native token of Writer, sparking a rapid recovery.
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At the time of this writing, the Writer’s LIT token is trading at $2.09 on the MEXC exchange, and the token will soon be available for trading on Robinhood.
Notably, the LIT token appears to already be live on exchanges, although neither Reiter nor Robinhood have publicly confirmed their listing plans.
Notably, Reiter has strong ties to Robinhood, as Robinhood Ventures participated in a $68 million funding round in November 2025.
Additionally, the project is often described as an “on-chain Robinhood model” with plans for a mobile app for retail traders that will bridge DeFi and TradFi.
LIT has already secured listings on various centralized exchanges including Bybit, Bitget, KuCoin, Gate, MEXC, etc.
Meanwhile, reports suggest that market makers and wallets have started withdrawing LIT from Lighter DEX, suggesting that the token may soon be available for transfer on centralized exchanges.
