COINOTAG News, citing Lookonchain, notes that three whale addresses deposited 9.98 million USDC into the Lighter platform to buy LIT tokens, as of December 31. This on-chain activity points to strategic accumulation by major holders and highlights evolving liquidity patterns in the crypto market.
To date, the entities have spent 8.67 million USDC to acquire 3.44 million LIT, at an average entry price near $2.52 per token. The execution trail demonstrates disciplined entry and price discovery within the LIT market.
An unspent balance of 1.35 million USDC remains on the ledger, indicating potential further buy orders or reserve liquidity as part of a measured position.
The activity, tracked by COINOTAG via Lookonchain, underscores institutional interest in LIT and the wider token ecosystem, while emphasizing prudent risk controls and verification of on-chain data.
Source: https://en.coinotag.com/breakingnews/usdc-driven-whale-inflow-fuels-lit-accumulation-on-lighter-3-44m-lit-bought-for-8-67m-at-2-52-avg-from-9-98m-usdc
