Jump Crypto started providing market-making services on Lighter in mid-November and received an airdrop incentive of 9.285 million LIT, with a total value of approximately $24.2 million. An interesting detail in this airdrop is that 324,000 LIT were allocated to a new wallet address, which may indicate that this portion was an additional reward directly earned by Jump through market-making activities.
In other words, Jump was likely paid for market-making on Lighter using 9.285 million LIT. This suggests that Lighter invested a significant amount to attract this top-tier institution to provide liquidity. From market dynamics, this reflects Lighter's proactive attitude in seeking support from high-quality market makers and enhancing market depth, while the participation of institutions like Jump also serves to endorse the project to some extent.
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TokenRationEater
· 1h ago
Lighter really spends money generously, investing 9,285,000 LIT into Jump for market making. It seems they are truly determined to build up liquidity.
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GateUser-9ad11037
· 4h ago
Haha, Jump's move is really impressive. 9.28 million LIT just like that... Lighter is really willing to spend money for liquidity.
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LightningWallet
· 4h ago
9,285,000 LIT tokens invested in Jump market making, Lighter's move is really aggressive, just not sure how long it can last.
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ShibaMillionairen't
· 5h ago
9,285,000 LIT tokens are being dumped to exchange for liquidity. Lighter is really generous.
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RektCoaster
· 5h ago
Jump made a good profit this time, directly earning 9,285,000 LIT
Lighter is spending money to invite dad, truly willing to go all out for liquidity
Just calculate that the 324,000 in the Guangxin wallet is worth several million, Jump's work is worth it
Institutional endorsement can indeed stabilize the scene, but whether the ecosystem can develop still depends on subsequent efforts
Market makers are in high demand, after all, liquidity is a necessity
Jump Crypto started providing market-making services on Lighter in mid-November and received an airdrop incentive of 9.285 million LIT, with a total value of approximately $24.2 million. An interesting detail in this airdrop is that 324,000 LIT were allocated to a new wallet address, which may indicate that this portion was an additional reward directly earned by Jump through market-making activities.
In other words, Jump was likely paid for market-making on Lighter using 9.285 million LIT. This suggests that Lighter invested a significant amount to attract this top-tier institution to provide liquidity. From market dynamics, this reflects Lighter's proactive attitude in seeking support from high-quality market makers and enhancing market depth, while the participation of institutions like Jump also serves to endorse the project to some extent.