Profit Drops for LIT Whale After Closing Long Position

TheNewsCryptoОпубликовано 2026-01-05Обновлено 2026-01-05

Введение

A whale wallet recently closed a long position on LIT, incurring a loss of $767,403. This caused its overall profit to drop significantly from $3 million to $420k. The closure occurred despite LIT's recent price increase, currently trading at $2.72 with a 6.73% surge in the last 24 hours. Although LIT reached an all-time high of $4.04 on December 30, 2025, it has since declined by 32.63%. Forecasts for early 2026 predict a price correction, with LIT dropping to around $2.17 in the next month before rebounding to $2.21 in three months. Despite short-term bearish predictions, long-term sentiment remains bullish, with expectations for LIT to reach $5.31 by the end of 2026.

A whale wallet recently closed their long position on LIT, but faced significant loss in the process. Overall profit has dropped as well. The development notably comes at a time when Lighter tokens are marking upticks in their values and recorded an ATH a few days ago.

Whale Faces Loss Closing LIT Position

A whale wallet reportedly recorded a loss of $767,403 after closing the long position on LIT. Acquired at a 1x leverage, the 1.6-year dormant wallet has also recorded a drop in profit from $3 million to $420k.

The development within a week from increasing the long position in the token. The position was valued at around $3.59 million with a floating loss of more than $1.26 million. Simultaneously, the whale wallet was able to close a short position in ASTER with a profit of $537k before that transaction.

LIT Price Rally

Anticipations around LIT price rally gained momentum when another whale wallet deposited USDC to expand LIT holdings. Lighter tokens were trading at $2.69 at that time, but are now up to $2.72 with a surge of 6.73% over the last 24 hours. It further represents a jump of 2.3% in the last 7 days.

LIT recorded an ATL of $2.30 on December 30, 2025, and is now up by 18.47% from that value. It noted an ATH of $4.04 on the same date, but has now declined by 32.63%. Interestingly, LIT has 1 billion in total supply but has only 250 million in circulation.

LIT in 2026

The early 3 months of 2026 are forecasted to see a price correction for LIT. The token could go as low as $2.17 in the next 1 month and rebound to $2.21 as it completes the 3-month cycle from this point. The 1 month decline comes to around 20.89% from the current value. Similarly, the 3-month plunge comes to approximately 19.45%.

Its support and resistance margins are yet to be defined, but overall sentiments remain bullish with the neutral 14-Day RSI of 38 points and the FGI of 26 points. The trajectory drawn to this point, based on market conditions, expects LIT to start reclaiming its highs from September 2026. A walk on the chart could pave the way to $5.31 by the end of 2026.

Highlighted Crypto News Today:

Japan Finance Minister Backs Integration of Digital Assets Into TradFi

TagsLIT

Связанные с этим вопросы

QWhat was the amount of loss the whale faced after closing their long position on LIT?

AThe whale faced a loss of $767,403 after closing their long position on LIT.

QHow much did the whale's overall profit drop after closing the LIT position?

AThe whale's overall profit dropped from $3 million to $420,000.

QWhat was the All-Time High (ATH) price of LIT and how much has it declined from that value?

AThe All-Time High (ATH) price of LIT was $4.04, and it has now declined by 32.63% from that value.

QWhat is the forecasted price range for LIT over the next 3 months according to the article?

AThe article forecasts that LIT could drop to as low as $2.17 in the next month and rebound to $2.21 by the 3-month mark.

QWhat is the long-term price target for LIT by the end of 2026, as mentioned in the article?

AThe long-term price target for LIT by the end of 2026 is $5.31.

Похожее

Hoskinson Denies Cardano Exit Rumors: ‘I’m Not Leaving’

Cardano founder Charles Hoskinson dismissed rumors of his departure, clarifying in a June 4 livestream that he is only stepping back from public communication, not resigning from the project. This followed community concern after his "taking a break" post on X. Hoskinson cited an unsustainable level of online toxicity, with nearly one-third of replies to his posts being hostile or abusive, making meaningful engagement nearly impossible. While acknowledging X's role in crypto information flow, he stated the psychological cost is too high. He emphasized his focus remains on technological development like RealFi, Midnight, and research, not on ADA's price. Hoskinson described a "tale of two Cardanos": significant protocol advancements versus poor market performance leading critics to label it a failure. He called for the community to resolve this dissonance by moving discussions away from X, rethinking incentives, and developing a new shared roadmap. He was critical of the Cardano Foundation's lack of accountability. Hoskinson announced he will take time away from public videos and social media to reflect, but will continue working on Midnight. He stated he will only engage in channels where he is treated with respect and dignity.

bitcoinist11 мин. назад

Hoskinson Denies Cardano Exit Rumors: ‘I’m Not Leaving’

bitcoinist11 мин. назад

There’s An FOMC Meeting Scheduled This Month, But Will The Fed Decision Affect Bitcoin?

The Federal Open Market Committee (FOMC) is scheduled to meet on June 16-17, with markets widely expecting the Fed to maintain interest rates at their current level of 3.5-3.75%. According to the CME FedWatch Tool, there is a 99.4% probability of rates remaining unchanged. The outcome of this meeting is anticipated to impact Bitcoin's price. If rates are held steady, Bitcoin's current market trajectory is likely to continue unchanged. Conversely, an unexpected rate hike could trigger bearish sentiment by reducing investor risk appetite and market liquidity, potentially leading to sell-offs. A rate cut, though currently considered improbable, would be the most bullish scenario, encouraging investment in risk assets like Bitcoin and potentially driving its price higher.

bitcoinist1 ч. назад

There’s An FOMC Meeting Scheduled This Month, But Will The Fed Decision Affect Bitcoin?

bitcoinist1 ч. назад

Anthropic's IPO Launch: Commercial Miracle or Valuation Bubble?

Anthropic has confidentially filed for an IPO, led by Morgan Stanley and Goldman Sachs, potentially going public by October. Following its latest $650 billion funding round, its pre-IPO valuation stands at $965 billion, with projections reaching up to $2 trillion at listing, which would make it the highest-valued private company ever. The article, written by Fu Sheng, addresses skepticism that this represents an AI bubble akin to the 2000 dot-com crash. It argues the current situation differs fundamentally. Unlike the internet bubble era, which relied on speculative narratives with little revenue, Anthropic's valuation is backed by unprecedented, measurable financial performance. Key data points include: * **Revenue Growth:** ARR skyrocketed from $10 billion in early 2025 to $470 billion by May 2026, targeting $100 billion by year-end—a growth curve unmatched in business history. * **Profitability:** It achieved operating profitability in Q2 2026 with an estimated $5.6 billion profit. * **Efficiency:** With ~3,000 employees and ~$470 billion ARR, its revenue per employee exceeds $10 million. Products like Claude Code, launched less than a year ago, already generate $25 billion in annualized revenue. * **Enterprise Adoption:** It boasts a strong enterprise client base, with 8 of the Fortune 10 and over 1,000 large firms spending over $1 million annually on Claude. The valuation is framed using a traditional SaaS model (e.g., a 10x Price-to-Sales multiple on $100 billion revenue). The author contends the core question for analysts has shifted from "How big could this be?" to "How much is it earning and will earn next quarter?" The discussion extends beyond Anthropic to a broader paradigm shift: the transition from a "carbon-based" to a "silicon-based" economy. Companies are increasingly prioritizing investment in compute and AI capabilities over human resources, as these directly scale productivity and competitive advantage. Anthropic's IPO is thus positioned not just as a corporate milestone, but as a price anchor for this new economic era.

链捕手1 ч. назад

Anthropic's IPO Launch: Commercial Miracle or Valuation Bubble?

链捕手1 ч. назад

US Senators Press Bank Regulators For ‘Fair’ Crypto Capital Rules

A group of U.S. Senate Republicans, led by Senator Cynthia Lummis, is urging federal bank regulators to establish clear and fair capital rules for banks involved with crypto assets. In a letter to the Federal Reserve, FDIC, and OCC, the lawmakers criticized the international Basel Committee's standards, which impose a punitive 1,250% risk weight on crypto assets, calling it a de facto ban not based on actual risk. They applauded recent interagency guidance that granted tokenized securities the same capital treatment as traditional ones, arguing this risk-based principle should apply consistently to all digital assets. The senators called on the agencies to develop a new capital framework, aligning with recent legislative progress on crypto market structure. Their push coincides with testimonies from top regulators, who emphasized a shift toward more risk-based supervision and responsible innovation, while also addressing stablecoin oversight under new proposals.

bitcoinist1 ч. назад

US Senators Press Bank Regulators For ‘Fair’ Crypto Capital Rules

bitcoinist1 ч. назад

Near Returns to the AI Stage: Transformation into a Public Chain Due to 'Payroll Difficulties,' Agent and Privacy Emerge as New Growth Narratives

NEAR Returns to AI Origins: From Payroll Struggles to Blockchain, Now Focusing on AI Agents and Privacy NEAR Protocol's journey began not with grand blockchain ambitions, but from a practical hurdle: its AI startup founders, including Transformer paper co-author Illia Polosukhin, couldn't efficiently pay international developers in 2017. This led them to pivot and build a high-performance, scalable blockchain. After years navigating various crypto narratives like sharding and cross-chain interoperability, NEAR is now leveraging its AI roots to re-enter the AI arena. A key driver is its "NEAR Intents" layer, which abstracts complex cross-chain transactions. Users simply state their goal (e.g., swap BTC for ETH), and a solver network finds the optimal route. This system has processed over $20B in cross-chain volume, generating significant fee revenue. A major growth area is private transactions via "Confidential Intents/Swaps," which hide trade details until settlement to protect against MEV and front-running. Remarkably, private swaps recently accounted for over 40% of NEAR's transaction volume, highlighting strong demand but also potential regulatory scrutiny. With its AI-founder pedigree, NEAR is positioning itself at the intersection of blockchain, AI agents, and privacy, aiming to become infrastructure for the emerging agent economy while navigating the challenges of its rapid adoption.

marsbit4 ч. назад

Near Returns to the AI Stage: Transformation into a Public Chain Due to 'Payroll Difficulties,' Agent and Privacy Emerge as New Growth Narratives

marsbit4 ч. назад

Торговля

Спот
Фьючерсы
活动图片

Популярные категорииright-arrow

Популярные тегиright-arrow