Whales Deposit $3.5M into HyperLiquid, Open 3x Leveraged LIT Shorts
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Whale Activity Significant: Whales 0x47e and 0xd6b deposited $3.5 million into HyperLiquid and opened 3x leveraged LIT short positions, indicating a growing bearish sentiment towards LIT that could lead to decreased liquidity.
- Market Reaction Unconfirmed: Despite the whales' trading activities raising market interest, there are currently no official confirmations or statements identifying these whales or their trading intentions, adding to market uncertainty.
- LIT Price Volatility: According to CoinMarketCap, LIT's price has dropped 30.32% in the last 24 hours to $2.37, with a market cap of $592.78 million, reflecting concerns about its future trajectory.
- Negligible Trading Volume: LIT's trading volume remains negligible, with a circulating supply of 250 million against a maximum of 1 billion, which may exacerbate price volatility and further influence investors' trading strategies.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






