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Market Observation for December 25
Large account activity draws attention. A whale deposited 2.6 million USDC into Hyperliquid as trading margin, using 1x leverage to short LIT tokens, with a liquidation price set at $6.92. Based on the scale of operation and leverage configuration, this appears to be a carefully planned hedging strategy.
Launchpad risks should be watched. A leading exchange announced the latest Launchpad project as Lighter ($LIT), with the official page clearly indicating the distribution date as December 29. However, it is worth noting that the Lighter team has not allocated any funds to support this Launchpad — this detail is explicitly stated in the project promotion, and participants should pay special attention to such risk factors.
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Lighter project surprisingly has no funding support, which is a bit outrageous.
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It's truly the era of Launchpad whales harvesting the leeks.
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Wait, the whale's liquidation price is only 6.92, how bearish are they on LIT?
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No funding support but still daring to go on Launchpad? Who gave them the courage?
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1x leverage? Is this guy really cautious or just dead set on LIT?
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Why does it feel like LIT is about to crash this time?
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If the project team doesn't put in money, why should I believe in it?
Daring to go on Launchpad without funding support, really bold
Why does it seem like the team cut LIT in this wave
Looking at this set of protection strategies... what are they preparing for
Wait, no, if the team didn't put in money, why is no one speaking up
The Lighter project team isn't even investing money, what kind of operation is this... I think I'll wait and see.
It's the 26th, still watching the launchpad? Better to check if there's an opportunity in spot trading.
This round of LIT feels like there's a story behind it, let's wait and see.
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Investing 2.6 million USDC with just 1x leverage? This guy is really steady.
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Risking launching without funding support—who do you think the exchange is trying to cut?
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Is LIT being pre-judged? Or is there really an issue?
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Hedging strategy? I think they’re just setting a trap for later entrants.
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Now even launching a project, they’re reluctant to spend money—truly impressive.
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Wait, the whale’s short position is at such a low price... Insider info?
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Remember, zero funding support is a detail—don’t fall into the trap next time.