New address $2.89 million to buy the dip in LIT. Why is this newly launched coin being snatched up by whales in just 6 days?

LIT attracted a large amount of institutional and influential attention within just 6 days of launch. Today, a newly created address spent $2.89 million USDC to buy 991,458 LIT on the Lighter platform, executed at a price of $2.92. While this transaction size isn’t particularly large, it reflects a phenomenon: this new token is being hotly promoted in the market, with whales and KOLs actively positioning.

The Rapid Rise of LIT

Project Fundamentals

LIT is the native token of the Lighter platform, which is positioned as an Ethereum-based zk-Rollup perpetual contract exchange. According to the latest data, LIT currently ranks 75th by market cap, with a market value of approximately $733 million, a circulating supply of 250 million tokens, a total supply of 1 billion tokens, and a circulating ratio of only 25%.

LIT was launched on December 30, 2025, just 6 days ago. Entering the top 100 by market cap in such a short period indicates high market expectations for this sector.

Price Performance

LIT is currently priced at $2.93, up 12.80% in the past 24 hours, with a 7-day increase of 9.71%. The 24-hour trading volume reached $290 million, which is quite significant for a newly launched token.

The True Moves of Whales and Influencers

This is not just a single large purchase but a continuous influx of hot money.

Recent Major Trading Records

Underlying Logic Behind the Data

From this table, several characteristics stand out: first, buy volume far exceeds sell volume, indicating a bullish market sentiment. Second, participants are not retail investors but influential wallets or KOLs. Third, the holdings are generally in the millions of dollars, showing these funds are serious about their positions rather than short-term speculation.

Particularly noteworthy is Jez’s behavior. This KOL has bought multiple times over three days, accumulating 11.09 million LIT, valued at about $2.8 million at current prices. Such a large position and frequent buying pattern usually suggest strong confidence in the project.

The Double-Edged Nature of Market Hotness

Why are so many people paying attention to LIT?

Based on information analysis, the zk-Rollup perpetual contract sector is considered a promising direction. Lighter, as one of the few application-based exchanges in this sector, has potential if it can solve the performance issues of traditional DEXs. This is the main logic behind the continued buying by big players.

But there are also voices of selling

Sun Yuchen sold $200,000 worth of LIT on January 3. While this is a small proportion compared to his total holdings (13.23 million), it indicates not all big players are optimistic about short-term prospects. Additionally, a whale address closed out its long LIT position on January 5, incurring a loss of $767,000. This shows that the market contains both bullish and bearish or profit-taking funds.

Risks of New Tokens

Points to Watch

First, LIT is a newly launched token with only 25% circulating supply, meaning large funds can easily push up the price, but it also makes it prone to sharp fluctuations. Second, the actual progress of the project and whether it can deliver on zk-Rollup perpetual contract promises are critical for long-term value. Third, the hype around new tokens is often temporary; when market sentiment shifts, capital withdrawal can be faster than entry.

Focus of Observation

Rather than just watching capital flows, pay attention to the project’s technical progress and product iterations. Whether Lighter can launch core features as planned and whether user growth meets expectations are the real indicators of value.

Summary

LIT has been heavily accumulated by multiple whales and KOLs within just 6 days, reflecting market recognition of the zk-Rollup perpetual contract sector. Today’s $2.89 million buy-in is just a snapshot of this ongoing influx of hot money. However, it’s important to clarify that capital inflow does not guarantee project success. New tokens carry both opportunities and risks; the key is to distinguish between “sector optimism” and “short-term hype.” For ordinary investors, monitoring market enthusiasm is necessary, but blindly following the trend into buying is risky. More importantly, understanding the project’s intrinsic value logic is crucial.