Whale's big move: 10 million USDC into Lighter, short LIT with 5x leverage while deploying positions

YieldWhisperer · 2026-01-13T05:38:10+00:00

Recently, a large whale transferred 10 million USD in USDC to Lighter, while simultaneously shorting LIT with 5x leverage and purchasing 1,059,000 LIT at an average price of $2.08, demonstrating a dual strategy of hedging risk and positioning. The whale account also holds 2.788 million USDC and may continue to add to its position later.

YieldWhisperer

2026-01-13 05:38:10

Abstract generation in progress

【Blockchain Rhythm】Recently, I’ve been paying attention to the movements of the LIT token, and something interesting has happened. On-chain data shows that a large whale recently transferred $10 million USDC to Lighter, clearly indicating an intention to manipulate the market.

This whale’s strategy is very clear—playing both sides. On one hand, they opened a 5x leveraged short position on LIT, while on the other hand, they spent $2.2 million to buy 1,059,000 LIT at an average price of $2.08. This combined approach is quite interesting, suggesting they are hedging risk while also looking for opportunities to accumulate. Currently, this whale’s account still holds 2,788,000 USDC, with ample ammunition, and they are likely to continue adding to their position later.

USDC0,04%

LIT-3,49%

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OnchainDetective

· 23h ago

According to on-chain data tracking, this whale is clearly playing psychological warfare... shorting while buying, a typical accumulation tactic. Wait, 2.2 million in building positions and 2.78 million USDC haven't moved yet? This pace doesn't feel right. Using 5x leverage to short and deploy simultaneously, it's obvious they're suppressing the price, waiting for retail investors to give up before eating the bottom. I bet 5 dollars that there will definitely be a second and third wave of increased positions, I’ve already locked this whale's wallet.

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SnapshotBot

· 01-14 12:24

Short leverage combined with spot positioning, this whale wants to make money on both ends.

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RugResistant

· 01-13 11:48

ngl this whale's got some sketchy patterns going on here... shorting 5x while accumulating? that's not hedging, that's textbook manipulation tactics. red flags detected fr fr. needs further investigation into the wallet activity before retail gets liquidated again

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ForkPrince

· 01-13 06:05

This whale strategy is amazing, shorting while accumulating, definitely absorbing the chips.

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orphaned_block

· 01-13 06:01

This whale is really cunning, shorting while buying the dip, such a clever move... Wait, there's still 2,788,000 USDC left? Are they fishing? Is this the wave where LIT is really going to take off, or does it feel like we're about to get cut? Short trap? Or are they really going to dump? I can't tell anymore. How is this whale so smart, and why am I so bad? Bought in at a cost of 2.08, which means they are optimistic... probably just using leverage to hedge risk.

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DeFiVeteran

· 01-13 05:54

Whales are playing it so slick, selling while buying at the same time—classic setup before chopping the leeks.

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DAOdreamer

· 01-13 05:38

This whale strategy is really amazing—selling one side while accumulating the other, a classic case of eating from both ends.

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