2026-01-20 03:29:09

Holding an LIT short position, and the first 6x profit of the year has arrived.

This coin hasn't stopped falling since the two rebound waves after its launch. The underlying reason is quite heartbreaking—after the airdrop, a large number of recipients started dumping their holdings crazily. They sold out 15.5 million tokens within a week, and the price dropped by 36.7% in seven days, putting immense pressure on supply.

On-chain data looks even worse. Network activity is cold and quiet, new users can't come in, trading volume and activity are both declining, and market confidence has long been shattered. Whales and early holders are starting to run, and even the team sold $7.18 million worth of LIT, which is a sign of despair.

The entire crypto market environment was already poor, with the risk of altcoins crashing looming. To make matters worse, competitors like HyperLiquid are choking off the market, with derivatives trading volume rankings directly taken away. When LIT drops another 10%, the market response has become numb.

Negative sentiment is everywhere, funds are fleeing, and technicals can't keep up. There's no hope in the short term. Holding the short position continues, and there's nothing to fear.

LIT0,36%

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Degen4Breakfast

· 23h ago

The team has already run away, what hope is there left? --- Airdrop dumping is really ruthless. 15.5 million tokens dumped in a week, I feel embarrassed for the project team. --- NGL, this wave is a classic example of waiting for the market to teach a lesson. There's no hope. --- HyperLiquid indeed took a share of LIT, and its competitiveness is gone. --- On-chain data is cold and stagnant. I should have been bearish on this thing from the start. --- Active users are declining, whales are still running, I believe the short positions can still hold. --- With such heavy selling pressure, who dares to buy? It's already bottomed out.

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GasFeeTherapist

· 23h ago

The team is already running on their own, there's nothing more to say. Just hold the short positions steadily, and it's done.

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DegenWhisperer

· 23h ago

Haha really, the team is already running on their own, what else is there to say The bears continue to eat meat, LIT's game is a complete loss 15.5 million coins sold out in a week, this broken coin is not far from bankruptcy Team sold over 7 million coins? I knew the ending just by this move Whales are already profiting, retail investors are still dreaming HyperLiquid directly dethroned it from the throne, hilarious Those still holding long positions, I really sweat for you Short positions have been smooth sailing all the way, they can't stop at all

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ZKProofster

· 23h ago

honestly the tokenomics here are just... proof of concept for why airdrop recipients make terrible hodlers. 15.5M dumped in a week? that's not organic selling, that's protocol design failure written in code. the on-chain metrics don't even need technical analysis—they're basically broadcasting "nobody's actually using this thing"

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TestnetFreeloader

· 23h ago

The team is already running on their own, what else is there to say?

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BearMarketMonk

· 23h ago

Yeah, the team is actively running, this signal is incredible. --- A classic airdrop dump pattern, early recipients go all-in directly, 36% in a week, no discussion. --- Just look at on-chain data to know it's dead, network activity has completely ceased, what else is there to look forward to? --- HyperLiquid is completely necked, LIT has lost all presence, now nobody cares even as it drops. --- Whales are fleeing, the team is reducing holdings, new users can't come in, this setup can't turn things around. --- Oh my goodness, airdrop recipients dumped 15.5 million tokens in a week, are they trying to crash the price? --- Negative emotions are overwhelming, funds are fleeing, still holding for a rebound is risky. --- Competitive suppression plus their own collapse, LIT truly has no way out, I also want to short this.

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