Large account activity draws attention. A whale deposited 2.6 million USDC into Hyperliquid as trading margin, using 1x leverage to short LIT tokens, with a liquidation price set at $6.92. Based on the scale of operation and leverage configuration, this appears to be a carefully planned hedging strategy.
Launchpad risks should be watched. A leading exchange announced the latest Launchpad project as Lighter ($LIT), with the official page clearly indicating the distribution date as December 29. However, it is worth noting that the Lighter team has not allocated any funds to support this Launchpad — this detail is explicitly stated in the project promotion, and participants should pay special attention to such risk factors.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
5
Repost
Share
Comment
0/400
gas_guzzler
· 5h ago
Whale spends 2.6 million to buy LIT? This pace feels a bit off
Daring to go on Launchpad without funding support, really bold
Why does it seem like the team cut LIT in this wave
Looking at this set of protection strategies... what are they preparing for
Wait, no, if the team didn't put in money, why is no one speaking up
View OriginalReply0
PancakeFlippa
· 5h ago
Whale Hedging LIT? I've seen this trick before, dumping 2.6 million USDC to short, obviously someone knows the inside story.
The Lighter project team isn't even investing money, what kind of operation is this... I think I'll wait and see.
It's the 26th, still watching the launchpad? Better to check if there's an opportunity in spot trading.
This round of LIT feels like there's a story behind it, let's wait and see.
View OriginalReply0
DaoDeveloper
· 5h ago
ngl the 1x short setup screams hedging hedge, not speculation... but zero funding backing on a launchpad? that's the red flag game theory right there
Reply0
rugged_again
· 5h ago
Whales are emptying LIT, and Launchpad still lacks funding support... I know this trick too well, are we about to get rug pulled again?
View OriginalReply0
BankruptWorker
· 6h ago
Whales are positioning to short LIT, and the Launchpad has no funding support? This game is getting interesting.
---
Investing 2.6 million USDC with just 1x leverage? This guy is really steady.
---
Risking launching without funding support—who do you think the exchange is trying to cut?
---
Is LIT being pre-judged? Or is there really an issue?
---
Hedging strategy? I think they’re just setting a trap for later entrants.
---
Now even launching a project, they’re reluctant to spend money—truly impressive.
---
Wait, the whale’s short position is at such a low price... Insider info?
---
Remember, zero funding support is a detail—don’t fall into the trap next time.
Market Observation for December 25
Large account activity draws attention. A whale deposited 2.6 million USDC into Hyperliquid as trading margin, using 1x leverage to short LIT tokens, with a liquidation price set at $6.92. Based on the scale of operation and leverage configuration, this appears to be a carefully planned hedging strategy.
Launchpad risks should be watched. A leading exchange announced the latest Launchpad project as Lighter ($LIT), with the official page clearly indicating the distribution date as December 29. However, it is worth noting that the Lighter team has not allocated any funds to support this Launchpad — this detail is explicitly stated in the project promotion, and participants should pay special attention to such risk factors.