Mysterious Whale Keeps Investing in LIT as Lighter Sees Influx of $2M in USDC

Data from blockchain analytics tool Onchain Lens revealed that on January 7, a wallet created just seven days prior once again deposited $2 million worth of USDC into the decentralized exchange Lighter, this time to increase its holdings in LIT tokens.

Over the past week, this account has accumulated a total deposit of $4 million in USDC and acquired 1,285,010 LIT tokens at an average price of $2.96 per token, spending approximately $3.8 million in total.

Analysts speculate that the activity may be linked to an institutional investor or experienced market participant with strong confidence in the future of the LIT project.