A whale deposited $10 million USDC into Lighter and hedged LIT with 5x leverage

Odaily News According to Onchain Lens monitoring, despite the continuous decline in LIT price, a whale (0x226...1AeF) still deposited $10 million USDC into Lighter for hedging operations. The whale opened a short position on LIT with 5x leverage, while spending $2.2 million to buy 1.059 million LIT on the spot market at an average price of $2.08. Currently, this address still holds $2.788 million USDC and may continue buying.