Justin Sun makes a big move in LIT, a single operation reveals whale activity

【BitPush】On-chain monitoring data shows that Justin Sun (address 0xD6C…0116) has recently made significant moves in the LIT ecosystem. He first deposited about $200 million into the LLP smart contract, then began to withdraw in batches, currently having taken out approximately $38 million. The majority of this fund—about $33 million—was used to purchase 13.25 million LIT in one go.

This purchase scale is quite substantial. The 13.25 million LIT accounts for 1.33% of the total supply of the project, and its proportion in the circulating supply has reached 5.32%. This indicates that this whale player still holds considerable influence in the LIT market.

It is worth noting that he currently still has about $5.5 million in balance in the LLP. From this series of operations, it is clear that this is not a one-time random transaction, but a strategic move planned in advance. The actions of such large holders often reflect the true attitude of market participants towards certain projects.