A whale deposited $10 million USDC into Lighter and hedged LIT with 5x leverage.

According to Odaily, Onchain Lens monitoring shows that despite the continuous decline in LIT price, a certain whale (0x226...1AeF) still deposited 10 million USDC into Lighter for hedging operations. This whale opened a LIT short position with 5x leverage, while also spending 2.2 million US dollars to buy 1.059 million LIT at an average price of $2.08 in the spot market. Currently, this address still holds 2.788 million USDC and may continue to buy.