On-chain Lighter Token Maxi Bull remains firmly bullish, target above $4.1; Polymarket odds of "Market Cap Over $40B at Launch" see slight increase

BlockBeats News, December 29th, according to HyperInsight monitoring, in the past 3 hours, the largest long position address on-chain for Lighter (LIT) (0xdaa) deployed a "reverse pyramid" pattern, setting up multiple layers of take-profit orders in the $4.12 to $6 range, with the $4.12 price level planning to close only about 0.67% of the position. This address had previously established a 3x leveraged long position since the launch of LIT pre-market contract on the 24th, and has been consistently adding to the position. The current position size is about $3.12 million, with an average price of $3.82, and an unrealized loss of about $143,000 (4.66%).

Meanwhile, on Hyperliquid, the current long and short forces are relatively balanced. Since the pre-market contract launch, 10 whales with positions exceeding $1 million have entered the market, with 5 on each side. Today, two new whales opened long positions.

Regarding market sentiment, prediction market Polymarket data shows that in the past 24 hours, the probability of betting on "Lighter's market cap exceeding $4 billion one day after listing" has increased by about 9%, reaching 30% currently; while the probability of the market cap remaining above $3 billion has increased by about 10%, currently at 52%.

The current pre-market price of LIT is around $3.5, corresponding to a fully diluted valuation (FDV) of approximately $35 billion. In previous news on the 27th, the person in charge of Lighter (X:Pilla_eth) stated that the TGE and airdrop will take place in 2025, with the airdrop accounting for 25% of the total supply. It is estimated that each point corresponds to about 20.8 LIT, with a calculated value of about $72.8 at the current price.