A whale transferred 10 million USDC to Lighter, short LIT at 5x leverage, and spent $2.2 million to buy 1.059 million LIT.

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On January 13, according to Onchain Lens monitoring, despite the continued decline in LIT, a whale still transferred 10 million USDC to Lighter and is currently hedging it.

The whale opened a short position in LIT with 5x leverage and spent $2.2 million to buy 1.059 million LIT at an average price of $2.08. It currently holds 2.788 million USDC and may continue to buy.

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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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