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LIT Surges 90% Ahead of Binance-Backed Token Swap

AInvestSaturday, Feb 1, 2025 11:18 pm ET
1min read

Litentry (LIT) surged over 90% in the past 24 hours, currently trading at $1.064. This significant increase comes amidst Binance's announcement of its support for the LIT token swap and rebranding to Heimai (HEI).

Binance will halt trading and remove all existing LIT spot trading pairs on February 10, 2025, at 11:00 (UTC+8), automatically canceling all orders. The HEI/BTC and HEI/USDT spot trading will commence on February 13, 2025, at 16:00 (UTC+8). The circulating supply of HEI will increase from 66 million to 100 million over a period of 20 months.

The surge in LIT's price can be attributed to the anticipation of the token swap and rebranding, as well as the potential increase in demand for HEI. As the swap process unfolds, investors may be attracted to the new token, leading to further price movements.

It is essential to note that the cryptocurrency market is highly volatile, and past performance is not indicative of future results. Investors should exercise caution and conduct thorough research before making any investment decisions.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.