Lighter token trades near $2.73 following its airdrop debut, holding above post-listing lows as early buyers absorb selling pressure. Three whales have deposited 9.98 million USDC to purchase LIT, spending 8.67 million on 3.44 million tokens so far.
What Happened: Airdrop Launch
The decentralized perpetuals exchange token launched with immediate selling pressure but maintained support above $2.48.
Chaikin Money Flow on the 15-minute chart trended higher from Dec. 30-31 while price declined, indicating large buyers absorbed supply during volatility.
Money Flow Index showed similar patterns with higher readings despite lower prices, suggesting retail support during the selloff.
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Why It Matters: Whale Activity
Blockchain data from Lookonchain confirmed three large wallets entered positions after launch, validating the capital inflow signals.
Lighter continues trading above its Volume-Weighted Average Price of $2.62 on lower timeframes, with each retest met by buying support. On-Balance Volume remains below a descending trendline on the one-hour chart, showing capital inflow exists but volume conviction lags.
A break above $3.08 with OBV confirmation would signal buyers challenging higher zones toward $3.25 and $3.72, while failure to hold $2.48 exposes downside targets at $2.38 and $2.07.
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