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On-chain data shows that a new wave of whale activity has been detected recently. Three large wallet addresses have been continuously active on the Lighter platform, injecting a total of 9.98 million USDC with the intention of buying LIT.
So far, they have spent 8.67 million USDC to acquire 3.44 million LIT, with an average cost basis of approximately $2.52 per token. Interestingly, there are still 1.35 million USDC unused, which suggests that this buying spree may not be completely over.
From this activity, it appears that large investors are quite interested in LIT. Such sustained on-chain purchasing behavior often attracts market attention.
Wait, with a cost basis of 2.52... can this wave turn around?
Damn, it's outrageous for big players to dump like that; retail investors can only eat dust.
Is LIT really that valuable? Seeing whales so active, I also want to copy the move.
What are they trying to do with this continuous buying? Building a bottom or something else?
135,000 USDC still hasn't moved; do they want to add more? Give it a try, but I'm already scared.
A cost basis of 2.52 isn't low; let's see if LIT can hold up in the future.
If these three addresses keep pouring in funds, us retail investors will just have to eat dust, haha.
Honestly, every time I see this kind of whale operation, I wonder if it's institutions bottoming out or setting a trap.
Speaking of which, 9.98 million USDC poured in, but 1.35 million is left unused... Is this an attempt to test the price or is there really a backup plan?
With a cost basis of 2.52, it seems like this big investor has some confidence.
Wait, this rhythm is a bit like accumulating, I need to set an alert.
Big investors act frequently, which can easily influence the market, but everyone shouldn't blindly follow.
Looking at on-chain data is much more reliable than following marketing accounts.
Whales are eating, retail investors can only drink the soup—that's the reality.
Does LIT really have that many people optimistic about it? Let me review the fundamentals again.
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The cost basis is 2.52. These big players have it in mind.
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Big players never buy in vain. I'm optimistic about this wave of LIT.
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It's Lighter again. This platform has been quite popular lately.
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87 million USDC just for 3.44 million LIT. That operation is a bit ruthless.
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Holding onto 1.35 million USDC, waiting for a pullback to buy more, or is there another plan?
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On-chain data doesn't lie. Whale movements are signals.
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The question is whether LIT can keep up later. Don't want another pump-and-dump.
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Three big players acting together—that's true consensus.
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Cost basis is 2.52. If it breaks 1.5, I’ll really respect you as a true hero.