Lighter Surges 11% on Renewed Demand Amid Clarity Act Hopes

Lighter (LIT) has seen a significant surge in price after declining for five consecutive days, reaching a low of $4.00.

The altcoin's upside push was backed by a 52% surge in trading volume, with the volume reaching $75 million, indicating strong buying pressure.

Renewed demand for LIT has been driven by growing social chatter over the CLARITY Act and analyst Andy's note that 'Lighter is loving the CLARITY recent developments since Vlad is in the CFTC innovation advisory committee.'

A whale scooped up $2.07 million worth of LIT, suggesting optimism about the altcoin's potential for growth.

The rise in Open Interest (OI) and derivatives volume suggests traders are aggressively opening new positions, with a Long/Short Ratio of 2.8 on Binance indicating that investors mostly went long.