Whale's $1.8M loss and Lighter's $8,450 on 12 January put LIT under pressure

On 12 January, a whale's 1x long in LIT slid into a $1.8 million floating loss, while Lighter's daily revenue printed just $8,450. Futures open interest showed signs of recovery alongside rising volume, and a liquidity cluster sits just above the $2.7 level, which could offer support if price breaks through with momentum.