Lighter token trades near $2.73 following its airdrop debut, holding above post-listing lows as early buyers absorb selling pressure. Three whales have deposited 9.98 million USDC to purchase LIT, spending 8.67 million on 3.44 million tokens so far.
What Happened: Airdrop Launch
The decentralized perpetuals exchange token launched with immediate selling pressure but maintained support above $2.48.
Chaikin Money Flow on the 15-minute chart trended higher from Dec. 30-31 while price declined, indicating large buyers absorbed supply during volatility.
Money Flow Index showed similar patterns with higher readings despite lower prices, suggesting retail support during the selloff.
Why It Matters: Whale Activity
Blockchain data from Lookonchain confirmed three large wallets entered positions after launch, validating the capital inflow signals.
Lighter continues trading above its Volume-Weighted Average Price of $2.62 on lower timeframes, with each retest met by buying support. On-Balance Volume remains below a descending trendline on the one-hour chart, showing capital inflow exists but volume conviction lags.
A break above $3.08 with OBV confirmation would signal buyers challenging higher zones toward $3.25 and $3.72, while failure to hold $2.48 exposes downside targets at $2.38 and $2.07.
