A whale holding a LIT short position has deposited 10 million USDC into Lighter.

PANews reported on January 13, citing Onchain Lens monitoring, that despite the continued decline of LIT, a whale still deposited 10 million USDC into the Lighter platform and conducted hedging operations.

This whale opened a short position on LIT with 5x leverage, and also spent $2.2 million to purchase 1.059 million LIT at a spot price of $2.08. The whale currently still holds 2.788 million USDC and may continue to buy.