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LIT has recently shown an on-chain signal worth paying attention to.
According to data, three whale addresses are accumulating heavily. One large holder bought 1.63 million LIT at an average price of $2.33, and other whales have invested millions of dollars in the bottom area, continuously sweeping up.
Interestingly, despite retail investors constantly taking losses and exiting, these top players find the current price (around $2.5) to be quite cost-effective. This kind of contrast usually indicates that market sentiment may be about to reverse.
Remember the previous big buy-the-dip move with ASTER? Will the whale operations of LIT this time play out a similar script? We’ll wait and see.