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GUSD Minting
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CoinVoice has learned that, according to Onchain Lens monitoring, despite the continuous decline in LIT price, a whale (0x226...1AeF) still deposited 10 million USD USDC into Lighter for hedging. The whale opened a short position on LIT with 5x leverage and spent 2.2 million USD to buy 1.059 million LIT at an average price of $2.08 in the spot market. Currently, this address still holds 2.788 million USD USDC and may continue to buy.