A certain LIT whale address caught the bottom and rode a 3.5x price surge, with a long position ROI of 1030%.

BlockBeats News, September 3rd, according to TradingBeats (formerly Hyperinsight) monitoring, a trader starting with 0xbf34 currently holds 151,515 LIT long positions, with a position value of about $588,600, an average price of 1.2643 dollars. The unrealized profit is about $397,000; calculated with 5x leverage, the ROI is about 1036%.

On January 31st, the address briefly attempted a long position, then closed the old long position at an average price of $1.37, with a loss of about $17,900. Two months later, when LIT dropped to a near-term low, it re-entered the market:

On April 1st, it bought at an average price of $0.858, only about 10% above the low of $0.78 on March 31st; its first round of repositioning has since captured a 352% increase in LIT.

Subsequently, on April 8th, it further added 27,891 coins at $1.0756. On June 3rd, as the price rose, the address bought more at $1.543, eventually expanding its position to 151,515 coins, which it has held ever since.

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