Based on on-chain monitoring knowledge, a whale pockets beginning with 0xdaa deposited roughly $2.6 million in collateral to the Hyperliquid platform yesterday.
The deal with in query opened a brief place on Lighter (LIT) with 1x leverage and a dimension of roughly $1.25 million. The common entry value was recorded as $3.53, and the liquidation value as $6.98. On the time of writing, it seems that the whale is continuous to extend its place, and roughly $970,000 of the margin stays unused.
In the marketplace facet, LIT is presently buying and selling at round $3.47 within the pre-launch market. Primarily based on pre-market pricing, the challenge’s totally diluted market worth (FDV) is roughly $3.4 billion. Nevertheless, a weakening sentiment is noticeable. Based on knowledge from the prediction and betting platform Polymarket, the likelihood that Lighter’s FDV will stay above $3 billion in the future after its IPO has fallen by roughly 7% immediately, to 55%.
Alternatively, it was reported on December twentieth that Lighter transferred 250 million LIT tokens (roughly 25% of the entire provide) to a brand new deal with. Present on-chain knowledge exhibits that roughly 12 million tokens have been distributed to this point. If all of those tokens are utilized in future airdrops, every Lighter level could be value roughly 20.8 LIT. Primarily based on the present upfront value, this interprets to roughly $72.1 per level.
The prevailing market expectation is that Lighter will conduct its airdrop on December thirty first.
*This isn’t funding recommendation.
