PANews reported on January 13 that, according to Onchain Lens monitoring, despite the continued decline in LIT, a whale still deposited 10 million USDC into the Lighter platform and hedged its position.

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