COINOTAG News, December 30 — Onchain Lens monitoring reveals that a prominent crypto whale identified as 0x47e deposited 2,000,000 USDC and opened a 3x leveraged short on LIT, signaling a contrarian stance amid recent market moves. The transaction trajectory indicates a strategy to hedge or capitalize on near-term downside risk associated with the LIT token.
Another large holder, tracked as 0xd6b, wired in 1.5 million USDC and also initiated a 3x leveraged short in LIT, according to the same Onchain Lens feed. Together, the two transfers underscore a shared risk-off posture among top-tier liquidity providers within the LIT liquidity pool.
Investors should interpret these whale moves as data points for market liquidity and sentiment rather than standalone forecasts. Ongoing monitoring by Onchain Lens and credible outlets will help calibrate trading desks’ risk models as the LIT setup evolves, with no speculative claims beyond reported positions.
Source: https://en.coinotag.com/breakingnews/whales-open-3x-leveraged-short-positions-in-lit-after-3-5m-usdc-deposits
