Lighter and Mantle hit six-month whale transaction peaks as LIT jumps 20%

Santiment flagged six-month highs in large LIT and MNT transfers as Lighter’s burn, staking and Robinhood Wallet plans drove LIT gains and Mantle’s RWA and tokenized equity push drew whale attention.

MNT
USDG

Summary

Lighter and Mantle recorded their highest whale transaction activity in six months, according to Santiment, as large holders focused on Lighter’s revamped tokenomics and Mantle’s expanding onchain asset strategy. Santiment counted 86 LIT transfers above $100,000 as LIT rose more than 20% on Monday to $2.6, its highest level since January, up roughly 37.9% over the past week and more than 80% over 30 days, according to Castle Labs. Lighter’s recent updates included a planned burn of about 15.5 million buybacked LIT, equal to 6.3% of total supply, a 6% staking APY target with 7.5 million LIT distributed annually on a 125 million LIT staked base, and a Robinhood Wallet partnership for USDG-denominated contract trading on Robinhood Chain. Santiment also logged 37 MNT transfers above $100,000, linking the activity to Mantle’s RWA and tokenized equity push. In its H1 update, Mantle said DeFi TVL topped $1 billion, including $90 million in RWA DeFi TVL, stablecoin market capitalization reached $955 million, up 120% year on year, the network supports 155 tokenized stocks, and its treasury exceeds $1.8 billion. MNT nonetheless fell about 2% over the past day to around $0.431.

Terms & Concepts
  • token burn: Permanent removal of tokens from supply.
  • staking APY: Annual yield offered for locking tokens.
  • RWA: Real-world assets represented on blockchain networks.