{"id":87856,"date":"2026-01-01T11:31:55","date_gmt":"2026-01-01T11:31:55","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2026\/01\/01\/lighter-team-under-fire-after-alleged-7-18m-lit-token-dump-post-airdrop\/"},"modified":"2026-01-01T11:31:55","modified_gmt":"2026-01-01T11:31:55","slug":"lighter-team-under-fire-after-alleged-7-18m-lit-token-dump-post-airdrop","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2026\/01\/01\/lighter-team-under-fire-after-alleged-7-18m-lit-token-dump-post-airdrop\/","title":{"rendered":"Lighter Team Under Fire After Alleged $7.18M LIT Token Dump Post-Airdrop"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div xmlns:default=\"http:\/\/www.w3.org\/2000\/svg\">\n<p><span style=\"font-weight: 400;\">New knowledge signifies that wallets related to Lighter might need traded tens of millions of {dollars} in tokens instantly after its airdrop.<\/span><\/p>\n<h2>Data Flags Large Post-Airdrop Sales from Lighter<\/h2>\n<p><span style=\"font-weight: 400;\">A blockchain researcher noticed that one entity had deposited round $5 million in USDC into the platform\u2019s liquidity pool some 9 months in the past. The cash was divided amongst 5 wallets that had been later despatched a complete of 9,999,999.6 tokens ensuing from an airdrop.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This entity deposited ~$5M USDC into LLP round 9 months in the past, break up throughout 5 wallets, and acquired 9,999,999.60 LIT from the airdrop (~$26M) \u2013 a superbly spherical quantity. This excludes LLP yield, which provides one other $1\u20132M in returns.<\/p>\n<p>This represents 1% of complete provide and ~4% of\u2026 <a href=\"https:\/\/t.co\/tOjlubo1YU\" target=\"_blank\" rel=\"nofollow noopener\">pic.twitter.com\/tOjlubo1YU<\/a><\/p>\n<p>\u2014 MLM (@mlmabc) <a href=\"https:\/\/twitter.com\/mlmabc\/status\/2006371709486616931?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener\">December 31, 2025<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">At the itemizing worth, that might be $26 million. That will make up almost 1% of the overall provide and nearly 4% of the circulating provide. This doesn&#8217;t account for the additional yield made throughout this time.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Approximately 2.76 million tokens value $7.18 million have been offered into the open market for the reason that TGE.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This occurred lower than per week after <a href=\"https:\/\/coingape.com\/hyperliquid-rival-lighter-announces-lit-token-launch-amid-rising-demand\/\">Lighter unveiled the release<\/a> of its very personal LIT Token, distributing 25% of the tokens in an airdrop for early customers, changing 12.5 million factors earned by customers to tokens, making it one of many largest airdrops within the historical past of DeFi.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A blockchain researcher named ZachXBT made a <a href=\"https:\/\/x.com\/zachxbt\/status\/2006554043766972815?s=46\" target=\"_blank\" rel=\"nofollow noopener\">sarcastic comment<\/a> on X, suggesting there is perhaps insider buying and selling taking place.<\/span><span style=\"font-weight: 400;\"> Another analyst obtained straight to the purpose and questioned whether or not crew accounts offered tens of millions in LIT Token. He additionally warned that if the method of those gross sales isn\u2019t clear, long-term holders may find yourself getting damage.<\/span><\/p>\n<h2>$250M Withdrawn as Liquidity Exits Platform<\/h2>\n<p><span style=\"font-weight: 400;\">Bubblemaps reported that Lighter\u2019s buying and selling platform noticed about $250 million in withdrawals inside the first 24 hours after the airdrop. occasion. About $201.9 million left the Ethereum blockchain, together with $ 52.2 million on the Arbitrum chain. <\/span><span style=\"font-weight: 400;\">Bubblemaps requested whether or not the yield farmers are exiting shortly after relocking their allocation.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">UPDATE: $250,000,000 in withdrawals from Lighter<\/p>\n<p>Just 1 day after TGE<\/p>\n<p>Are all of the farmers leaving? <a href=\"https:\/\/t.co\/HdIXV3IAT4\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/t.co\/HdIXV3IAT4<\/a> <a href=\"https:\/\/t.co\/wcfldvad5e\" target=\"_blank\" rel=\"nofollow noopener\">pic.twitter.com\/wcfldvad5e<\/a><\/p>\n<p>\u2014 Bubblemaps (@bubblemaps) <a href=\"https:\/\/twitter.com\/bubblemaps\/status\/2006296418622001313?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener\">December 31, 2025<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">Nicolas Vaiman, the CEO of Bubblemaps stated the withdrawals represented about 20% of the TVL of our platform, which has a TVL of $1.4 billion. This sort of phenomenon has additionally been famous after the launch of different platforms like Hyperliquid and <a href=\"https:\/\/coingape.com\/trending\/aster-stage-5-airdrop-will-go-live-dec-22-what-to-expect-from-token-price\/\">Aster<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Data for the market exhibits elevated uncertainty. The quantity of trades for the brand new altcoin has considerably fallen from $15 billion in November to $3 billion. The worth of the LIT token has additionally dropped by 30%, from $3.35 in late December to $2.47.<\/span><\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/coingape.com\/lighter-team-under-fire-after-alleged-7-18m-lit-token-dump-post-airdrop\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New knowledge signifies that wallets related to Lighter might need traded tens of millions of {dollars} in tokens instantly after its airdrop. Data Flags Large Post-Airdrop Sales from Lighter A blockchain researcher noticed that one entity had deposited round $5 million in USDC into the platform\u2019s liquidity pool some 9 months in the past. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":87858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[14625,2286,883,2942,14145,5558,10647,233,247],"class_list":{"0":"post-87856","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-altcoin","8":"tag-7-18m","9":"tag-alleged","10":"tag-dump","11":"tag-fire","12":"tag-lighter","13":"tag-lit","14":"tag-postairdrop","15":"tag-team","16":"tag-token"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/87856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=87856"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/87856\/revisions"}],"predecessor-version":[{"id":87857,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/87856\/revisions\/87857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/87858"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=87856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=87856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=87856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}