A whale transferred 10 million USDC to Lighter to short 5x LIT, spending $2.2 million to buy 1,059,000 LIT.

BlockBeats News, January 13th, according to Onchain Lens monitoring, despite the continued decline of LIT, a whale has transferred 10 million USDC to Lighter and is currently hedging it.

The whale has opened a 5x leveraged short position on LIT and spent $2.2 million to purchase 1,059,000 LIT at an average price of $2.08. Currently, it still holds 2,788,000 USDC and may continue to buy.