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Ethereum Whales Sell $2.07M of LIT Tokens Amid Price Surge

Guavy AI Editorial Team
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ETH
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LIT's price surged over 97% in the past month, driven by volume growth from its integrated Perp DEX inside Robinhood Wallet.

A significant event occurred when an address tied to Ethereum contributor billΞ.eth withdrew 500,000 LIT tokens valued at $2.07 million from the Lighter protocol two hours ago.

The withdrawal has raised questions about the stability of LIT's price action on its 4h chart, which shows trading inside the Bollinger Bands with upper resistance at $0.81 and lower support at $0.69.

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