A new wallet has spent $4 million to purchase 1.285 million LITs within 7 days, and still has funds available for further purchases.

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According to ChainCatcher, monitoring by Onchain Lens revealed that an address created just 7 days ago has deposited a total of $4 million USDC into the Lighter platform and purchased 1,285,010 LIT tokens at an average price of $2.96, for a total value of approximately $3.8 million.

The address currently holds approximately $194,000 USDC and may continue to add to its LIT holdings.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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