Back
Whale Deposits $2M USDC on Lighter, Buys 1,285,010 LIT at $2.96; 7-Day Deposits Reach $4M

Whale Deposits $2M USDC on Lighter, Buys 1,285,010 LIT at $2.96; 7-Day Deposits Reach $4M

A whale wallet expanded its LIT holdings with $3.8 million in purchases on Lighter, after $4 million in deposits over a seven-day span.

USDC

Summary

A whale wallet, created seven days ago, deposited $2 million USDC into the Lighter platform to buy LIT tokens. Over the week, it invested a total of $4 million USDC, acquiring 1,285,010 LIT at $2.96 each for approximately $3.8 million. The transactions underscore sustained high-value activity on Lighter involving LIT purchases.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin commonly used for trading and liquidity in cryptocurrency markets.
  • LIT: A cryptocurrency token traded on platforms such as Lighter.
  • Lighter: A crypto trading platform where users can deposit assets like USDC and buy tokens such as LIT.