New wallet invests $4 million into LIT over 7 days, why are whales optimistic about this new coin?

A wallet established only 7 days ago has been continuously depositing large amounts of USDC into Lighter over the past week, accumulating a total investment of $4 million to increase its holdings of LIT tokens. On January 7th, the wallet deposited an additional $2 million USDC to further increase its position. Behind this aggressive investment behavior, market optimism for this new coin launched just 8 days ago is reflected, as well as recent positive dynamics in the Lighter ecosystem.

The Aggressive Accumulation Pace of Whales

According to on-chain data, this new wallet’s investment strategy is quite clear: building positions in batches over a short period.

Accumulation Timeline and Cost

• Total of $4 million USDC deposited into Lighter within 7 days
• Total purchase of 1,285,010 LIT tokens
• Average cost of $2.96 per token
• Total investment amount of $3.8 million

What’s noteworthy here is that the whale did not deploy all funds at once but adopted a phased accumulation strategy. The $2 million USDC deposit on January 7th was the second large transaction by this wallet within the week. This dispersed investment approach generally indicates sustained confidence in the project rather than short-term speculation.

Why choose LIT

LIT is the native token of Lighter, which just went live for trading on December 30, 2025, only 8 days ago. It is uncommon for a new wallet to invest $3.8 million into a newly launched coin within such a short period.

According to relevant information, LIT has performed strongly since its launch. On January 6th, Lighter announced the initiation of a protocol fee buyback plan, using generated fees to repurchase LIT tokens. This announcement directly caused LIT’s price to surge nearly 13%, breaking through the key resistance level of $2.60. Currently, LIT is trading around $2.99, slightly above the whale’s average entry price.

Market Performance of LIT Token

Price Trends

• Current price: $2.99
• 7-day increase: 10.67%
• 30-day increase: 11.94%
• 24-hour decrease: 1.56%

Being able to rise over 10% within 7 days after launch indicates relatively stable performance in the current market environment. Despite a correction in the past 24 hours, support levels remain relatively solid.

Market Cap

• Market cap rank: #75
• Market cap: $747.94 million
• 24-hour trading volume: $27.81 million

Although not among the top ranks, for a token only 8 days old, entering the top 100 in market cap already shows a decent level of market recognition.

The Attractiveness of the Lighter Ecosystem

The whale’s accumulation behavior also reflects the increasing competitiveness of Lighter as a Perp DEX.

Protocol Fee Buyback Mechanism

Lighter’s buyback plan is an important fundamental support. According to on-chain data, Lighter’s treasury has already bought back and holds approximately 180,493 LIT tokens, worth about $540,000. This direct token buyback mechanism provides ongoing buy-side support for LIT and clearly signals the project team’s confidence in the token’s long-term value.

Market Position

Based on the latest Perp DEX market data, Lighter maintains a second-tier position in the highly competitive derivatives trading market. Its 24-hour trading volume is about $5.81 billion, with open interest at $1.5 billion. These figures indicate that Lighter is attracting an increasing number of traders.

Summary

The whale’s $4 million investment to increase LIT holdings within just 7 days reflects market optimism for this new token and confirms the rising attractiveness of the Lighter ecosystem. The protocol fee buyback plan launched by Lighter provides fundamental support for LIT, and the strong performance after the token’s launch has also attracted more large capital attention.

It remains to be seen whether this whale wallet will continue to add to its position, and whether LIT can hold above the $2.95 support level to break through the target price of $3.60. For investors interested in the Lighter ecosystem, improvements in the token’s fundamentals and ongoing large capital inflows are positive signals.