Lighter's recent fund movements have attracted attention. As the TGE date approaches, this project experienced a net outflow of $45.5 million on December 12, setting a new record for the largest single-day withdrawal. Currently, Lighter's TVL remains above $1.3 billion, and the user base is also substantial—over 640,000 unique deposit addresses hold assets on the platform. From the data perspective, the TGE is indeed driving short-term capital fluctuations, but the project's fundamentals remain relatively stable. The logic behind such large outflows is quite straightforward: as airdrops or token releases approach, some users choose to cash out and secure profits.