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According to on-chain data monitoring, a prominent individual recently deposited approximately $200 million on an exchange and then carried out a series of operations in stages through a single wallet — first withdrawing about 5.2 million USDC, then using part of the funds to buy 1.66 million LIT tokens (currently valued at approximately $4.65 million). Interestingly, there are still about 1.2 million USDC sitting idle in their spot account. This staged approach is common in whale operations and often hints at a clear prediction of the market's future direction. Considering the scale and pace of these actions, it's hard not to speculate about the underlying intentions.
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Haven't moved 1.2 million USDC? What are you waiting for, there's more drama coming?
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This tactic... feels like it's paving the way for something
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LIT being swept so much, it’s quite interesting
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The reason behind the batch layout is nothing more than fear of overextending in one go, smart people can see through it
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Really treating 200 million as pocket money, huh