Five wallets linked to Justin Sun withdrew a total of 2.6 million LIT from Lighter, worth $4.07 million, and then transferred it to the cooperative.
The transaction, recorded according to on-chain data tracked by analyst Yu Jin, occurred approximately 5 hours before the news was published on February 16th.
- Five wallets linked to Justin Sun withdrew 2.6 million LIT from Lighter.
- Estimated value: $4.07 million.
- Then transfer all the LIT to the cooperative.
LIT trading activity
Five wallets allegedly linked to Justin Sun withdrew 2.6 million LIT from Lighter and transferred the Token to HTX.
on-chain information indicates a total withdrawal of 2.6 million LIT, equivalent to $4.07 million at the time of recording. The withdrawal transactions occurred approximately 5 hours before the news was published on February 16th, after which the Token continued to flow to the cooperative.
The data presented is based on monitoring by on-chain analyst Yu Jin, focusing on a cluster of 5 wallets linked to Justin Sun. The original content does not provide wallet addresses, LIT prices per unit, or the purpose of the transfer to an exchange; it only confirms the chain of actions of withdrawing from Lighter and then depositing into HTX.
Context and notes
The information Chia is market data and should not be XEM investment advice.
The original news release emphasized its purpose of providing market information. There were no further details about trading plans after the Token were transferred to the cooperative, nor was there any official confirmation from the parties involved in the original content.
