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A whale deposited $10 million in USDC into Lighter and hedged LIT with 5x leverage
12/01/2026 16:36
Complaint Report
Complaint Report
Svmuu News: According to Onchain Lens, despite the continued decline in LIT’s price, a whale (0x226...1AeF) deposited $10 million in USDC into Lighter for hedging purposes. The whale opened a short position on LIT with 5x leverage while simultaneously spending $2.2 million to purchase 1.059 million LIT on the spot market at an average price of $2.08. The address currently holds $2.788 million in USDC and may continue to buy.
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