2025-12-29 17:23:04

Lighter_xyz's financial data is worth deep consideration. The project has generated approximately $32M in revenue so far, but the fund allocation is noteworthy: $22M has gone to a certain compliant platform (suspected withdrawal), and another $7.5M has been invested in liquidity pools to boost APY figures. Under this configuration, the funds truly used for buybacks are almost depleted—if the $22M has already been cashed out, then the actual available buyback funds are less than $1M.

What’s more concerning is that the current fee wallet only has a balance of $100k. What does this mean? It indicates that behind the shiny financial statements of digital assets, the actual liquidity and buyback commitments may be far less sufficient than imagined. This also reflects a common phenomenon in DeFi projects: artificially boosting APY through LLP mechanisms to attract funds, while large amounts of capital quietly shift to exchanges. For investors, the transparency of this fund usage path remains a key long-term indicator when evaluating projects.

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LiquiditySurfer

· 8h ago

Isn't this a typical LP yield game... 22M turns around and disappears, leaving 7.5M in the pool just for show to pull APY, with less than 1M in buyback funds? Clearly, they're surfing onto the shallow waters.

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DataPickledFish

· 8h ago

22M跑路、7.5M拉盘、回购资金不足1M...这就是你们说的良心项目？ --- Fees wallet only has 100k? Laughing to death, these APY numbers are all illusions --- It's the same old trick again, LLP vampiric mechanism at full throttle, funds secretly go to exchanges for cashing out, retail investors are arranged clearly --- $32M looks intimidating, but upon closer inspection, it's all magic numbers... there are only a few coins that are truly usable --- That's why my first step in evaluating a project now is to look at the fund flow. Financial reports are bullshit --- Buyback promise? Bro, if you can't even maintain liquidity, what buyback are you talking about... --- This kind of operation is everywhere in DeFi, it's really ironic --- Fees wallet only has 100k, I can guess what the next step is

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BugBountyHunter

· 8h ago

22M跑路，7.5M吸血，费用钱包只剩100k...这数字会说话啊 Isn't this a typical LLP pump-and-dump scheme? The APY data looks good, but there are hardly any actual usable funds. It seems the buyback promise is just a joke to be laughed at.

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MechanicalMartel

· 8h ago

Again and again with this routine, $22M withdrawal, $7.5M pulling APY, the buyback funds are less than $1M? The fee wallet is just $100k? Are they performing magic tricks?

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