Speaking of recently promising projects, the Lit token in the DEX perpetual contract sector is worth paying attention to. Interestingly, this protocol initially chose to restrict withdrawals, and there are quite deep considerations behind this decision.

First point: the project team understands that in the early stages, it will definitely attract a large number of liquidity mining participants. The characteristics of these participants are very clear—they come for the profits and follow the trend. If withdrawals were open from the start, this group would inevitably cash out their profits, causing a dump, and the dumping price would be pushed down infinitely by them. Restricting withdrawals is actually a way to protect external liquidity from being destroyed.

The second point is even more interesting: it artificially creates the illusion of a "one-sided market." This can attract speculative capital to flood in, as they want to follow the trend and buy in, naturally pushing up the token price. The price rally at this stage also lays the foundation for subsequent ecosystem development.

Now that withdrawals are gradually opening up, it’s actually a signal—external funds can enter more confidently, without worrying about being crushed at the peak. This is good news for those who truly believe in the project, as the authenticity of liquidity has been verified.

Another practical consideration: if the token price continues to decline, how will the subsequent plans like S3 be promoted? Users will accelerate their exit, which would be truly counterproductive. From this perspective, the team actually holds a lot of主动权 (initiative) in pushing up the token price at the current position. Whether from the perspective of ecosystem health or economic incentives, there are strong reasons to drive the price upward.