A major whale address just made a bold move in the LIT market. Lookonchain's monitoring revealed that the trader "0xA71d" recently funneled 1.81 million USDC into HyperLiquid and established an aggressive bullish position by purchasing 500,000 LIT tokens with 3x leverage—a position now worth approximately $1.83 million.



This substantial bet reflects strong conviction in LIT's upside potential, though it's worth noting that leveraged trades of this magnitude carry heightened risk. The whale's move also highlights significant on-chain activity within the Lighter ecosystem, as tracked by analytics platforms like ChainCatcher and Lookonchain.
LIT-0.17%
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