LIT, the newly launched token of decentralized perpetuals exchange Lighter, slid sharply in pre-market trading on Tuesday as its long-awaited airdrop distribution went live, triggering heavy selling from early recipients and leveraged traders. The token initially climbed to a post-launch high of $4.04 shortly after trading began before reversing course and falling to around$2.62, a drop of roughly 22.2%. Source: CoinGecko That price also marked LIT’s lowest level since launch, reflecting sustained dow ...