- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
A Whale with $2.6M Shorts LIT, Market Divided on Lighter's Valuation Ahead of Airdrop
BlockBeats News, December 25th, according to HyperInsight monitoring, a whale address (0xdaa) continued to deposit $2.6 million into Hyperliquid as collateral yesterday and has established a roughly $1.256 million 1x leverage LIT short position, with an average price of $3.53 and a liquidation price of $6.98. As of the time of writing, the address is still actively increasing its position, with $970,000 of the collateral remaining unused.
Currently, LIT is trading at around $3.47. According to pre-market price, its fully diluted valuation (FDV) is approximately $3.4 billion. In terms of market sentiment, Polymarket platform data shows that the probability of betting on "Lighter maintaining an FDV of over $3 billion one day after listing" has decreased by about 7% today and is currently around 55%.
Previously, on the 20th, Lighter transferred 250 million LIT tokens (approximately 25% of the total supply) to a new address. Current on-chain data shows that around 12 million tokens have been distributed so far. If these tokens are all used for future airdrops, each point in Lighter would correspond to approximately 20.8 LIT tokens. Based on the current pre-market price, each point is worth around $72.1, and the prevailing market view is that Lighter will airdrop on the 31st.
You may also like
CLARITY Act Stalls: Why Has the Interest-Bearing Stablecoin Become a Bank’s “Thorn in the Side”?
Key Takeaways The debate surrounding the CLARITY Act is primarily focused on interest-bearing stablecoins and their implications for…
South Korea considers changing the one-bank rule for crypto exchanges: An In-depth Review
Key Takeaways: South Korea is examining the current “one exchange–one bank” model amidst concerns of market concentration, potentially…
Hungary and Portugal Block Polymarket Prediction Market Amid European Crackdowns
Key Takeaways: Hungary and Portugal have moved to restrict access to Polymarket, increasing regulatory pressures on crypto-based prediction…
Trump Targets Fed Chair, Crypto Challenges, and MiCA Regulations
Key Takeaways President Trump has initiated criminal charges against the current Federal Reserve Chairman, alleging financial mismanagement in…
Hong Kong Association Highlights Risks in Crypto Licensing Framework
Key Takeaways The Hong Kong Securities & Futures Professionals Association (HKSFPA) warns that new crypto licensing may lead…
Market Decline Impacts Meme Coins with WhiteWhale Dropping 75%
Key Takeaways The meme coin market has experienced a severe correction, notably impacting $WhiteWhale, which has decreased by…
Hyperliquid Introduces Direct ETH Deposits and Withdrawals for Enhanced Spot Trading
Key Takeaways Hyperliquid has officially rolled out direct Ethereum deposits and withdrawals, streamlining its spot trading capabilities. The…
Hyperliquid Revolutionizes DeFi with Advanced Blockchain Solutions
Key Takeaways Hyperliquid is transforming decentralized finance (DeFi) with high-performance solutions and an emphasis on perpetual futures trading.…
Market Correction Causes Meme Coin Decline with WhiteWhale Sinking 75%
Key Takeaways The market correction has led to significant declines among meme coins, with WhiteWhale dropping by 75%…
Market Correction Impacts Meme Coins: WhiteWhale Declines by 75%
Key Takeaways WhiteWhale has experienced a significant drop, losing 32.3% of its value in the past 24 hours,…
India Central Bank Suggests BRICS CBDC Link-Up As Members Explore Alternatives to Dollar Rails
Key Takeaways India’s central bank proposes a CBDC connectivity initiative for the upcoming 2026 BRICS summit. This move…
Backers Seek Refunds as Trove Abandons Hyperliquid Integration for Solana
Key Takeaways: Trove pivots to Solana after raising over $11.5 million for Hyperliquid integration, leading to refund demands.…
Asia Market Open: Bitcoin Experiences 3% Drop Amid Trump’s Tariff Threat on Europe
Key Takeaways: Bitcoin experienced a 3% decline, trading around $92,000 during early Asian trading due to US tariff…
Venezuelan Man Faces 20 Years for Alleged $1B Crypto Money Laundering Scheme
Key Takeaways Jorge Figueira, a Venezuelan national, is accused of operating a complex international money-laundering network using cryptocurrency.…
Anchorage Digital Prepares for IPO with Significant $400M Fundraise
Key Takeaways Anchorage Digital is actively seeking to raise $200 million to $400 million in new funding, with…
The opening price is expected to drop by 75%, perhaps the first project to be rug pulled this year.
Key Market Intelligence on January 19th, how much did you miss out on?
Trump Targets Fed and Italy’s Caution to Fin-Fluencers: A Comprehensive View
Key Takeaways: President Trump initiates a criminal probe against the Federal Reserve Chairman, questioning alleged resource mismanagement. Coinbase…
CLARITY Act Stalls: Why Has the Interest-Bearing Stablecoin Become a Bank’s “Thorn in the Side”?
Key Takeaways The debate surrounding the CLARITY Act is primarily focused on interest-bearing stablecoins and their implications for…
South Korea considers changing the one-bank rule for crypto exchanges: An In-depth Review
Key Takeaways: South Korea is examining the current “one exchange–one bank” model amidst concerns of market concentration, potentially…
Hungary and Portugal Block Polymarket Prediction Market Amid European Crackdowns
Key Takeaways: Hungary and Portugal have moved to restrict access to Polymarket, increasing regulatory pressures on crypto-based prediction…
Trump Targets Fed Chair, Crypto Challenges, and MiCA Regulations
Key Takeaways President Trump has initiated criminal charges against the current Federal Reserve Chairman, alleging financial mismanagement in…
Hong Kong Association Highlights Risks in Crypto Licensing Framework
Key Takeaways The Hong Kong Securities & Futures Professionals Association (HKSFPA) warns that new crypto licensing may lead…
Market Decline Impacts Meme Coins with WhiteWhale Dropping 75%
Key Takeaways The meme coin market has experienced a severe correction, notably impacting $WhiteWhale, which has decreased by…
App