An anonymous whale address beginning with 0x091D transferred 2 million LIT tokens worth about $6.94 million to OKX and Bybit in four transactions over two hours through market maker Cumberland, according to Onchain Lens. The deposits followed Upbit's listing of LIT against the South Korean won at 4:00 a.m. UTC the previous day. Exchange deposits are often viewed as a possible precursor to selling, while Cumberland's involvement may help execute a large order with less immediate impact on public order books. The activity has tempered optimism from the Upbit listing and could contribute to short-term volatility, but the whale's intentions are unconfirmed.