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

According to ChainCatcher, as monitored by Onchain Lens, despite the continuous decline in LIT price, a certain whale (0x226...1AeF) still deposited 10 million USDC into Lighter for hedging operations.

This whale opened a LIT short position with 5x leverage, while also spending 2.2 million US dollars to buy 1.059 million LIT at an average price of 2.08 US dollars in the spot market. Currently, this address still holds 2.788 million USDC and may continue to buy.