Crypto
Lighter Surges to Three-Week High as Whale Continues Accumulation Efforts
Lighter (LIT) has continued its upward trajectory, reaching a three-week high of $2.4 after increasing by 9.23% in daily charts.
The altcoin's trading volume also saw a significant surge, climbing 53% to $49 million over the same period.
A major contributor to this growth is a whale that has been consistently accumulating LIT, having spent a total of $9.1 million to buy 3.91 million tokens in the past two months.
The derivatives market also shows strong bullish activity, with Derivatives Volume rising by 77% to $131.18 million and Open Interest climbing by 10% to $310 million.