2.45 million LIT tokens entered, why are whales continuously increasing their holdings of this new coin?

A wallet has added 2 million USDC to Lighter in the past two days, increasing its LIT holdings to 2.45 million tokens, with a total value of $6.03 million. This action occurred just three days after LIT’s launch, reflecting ongoing confidence from institutions and whales in this new project. At the same time, this is the most active recent accumulation in the LIT market—multiple whales have been densely deploying positions in a short period, boosting market enthusiasm.

Market Context of Whale Accumulation

Multiple Major Players Simultaneously Deploy

According to the latest news, since LIT’s launch, it has attracted a large influx of institutional funds. Besides this wallet’s 2.45 million tokens, other key participants are also deploying:

This comparison is quite interesting—different participants bought large amounts at similar prices (around $2.46–$2.52) at different times, indicating a relatively consistent market perception of LIT’s valuation.

Why Choose This Price Range

According to relevant information, LIT’s current price is $2.64, down more than 30% from its launch price of $4.04. These whales deploying heavily in the $2.46–$2.52 range are essentially “bottom-fishing” during the decline. This behavior generally indicates:

• Long-term confidence in the project’s fundamentals
• Belief that the current price is undervalued
• Confidence in supporting a subsequent rebound

The Unique Aspects of This Wallet

Position Size and Cost Advantage

The 2.45 million LIT tokens account for approximately 0.98% of the total circulating supply of 250 million. This is a significant holding for a single wallet. More importantly, its average purchase price of $2.46 is slightly lower than other major market participants, demonstrating precise timing in building the position.

At the current price of $2.64, this holding has already realized about 4.4% unrealized profit. Although not large, considering that LIT has only been live for three days, this return is quite robust for a new token.

Signal of Continued Accumulation

This wallet added 2 million USDC to increase its position over the past two days, indicating that its confidence in LIT is not fleeting but part of a sustained, strategic deployment. Such phased accumulation is a common approach among professional investors, which can:

• Diversify purchase risk
• Lower overall cost basis
• Achieve a better average price amid price fluctuations

True Reflection of Market Enthusiasm

According to related reports, the total airdrop amount on the first day of LIT’s launch reached $675 million, which is quite substantial. Since then, about $30 million has been withdrawn from the Lighter platform, but at the same time, large amounts of funds—including this wallet’s 2 million USDC—continue to flow in.

This indicates that the market is not uniformly bearish; rather, there is divergence—some profit-taking, some accumulating. Whales’ increased positions often represent more rational market voices, and their deployment strategies are worth paying attention to.

Possible Future Developments

Based on current information, several directions are worth monitoring:

• Price Support: Heavy buying by multiple whales in the $2.46–$2.52 range may establish a support zone, preventing excessive decline
• Institutional Participation: The involvement of well-known entities like Justin Sun enhances LIT’s credibility and may attract more capital
• Future Trends: Some whales also hold short positions on Lighter, and their overall strategies merit ongoing observation

Summary

The 2.45 million LIT holdings of this wallet essentially reflect rational market confidence in the LIT project. During the high volatility period following a new token launch, whale accumulation behaviors are often more indicative than retail chasing and panic selling.

The key point is: although LIT has fallen from $4.04 to $2.64, the process has attracted continuous deployment from heavyweight participants like Justin Sun and multiple whale addresses, indicating that market recognition of its long-term value remains unchanged despite short-term declines. The scale and cost structure of this position provide an important window into future price movements.