ME News reports that, on August 4 (UTC+8), according to TradingBeats (formerly Hyperinsight), the whale beginning with 0xaa53 made two purchases of Lumentum (LITE), both precisely timed just before price acceleration began. As of 18:00 today, Reuters, citing sources familiar with the matter, revealed that the Trump administration is drafting measures to restrict imports of China’s new data center optical modules, specifically noting that U.S. companies Coherent and Lumentum could be potential beneficiaries. Before this potential industry利好 was reflected in public markets, the whale had already completed its second round of accumulation, having established a total position of approximately $1.648 million across both rounds. As of publication, the whale holds a 10x long position with a current value of approximately $2.117 million, an average entry price of $676.10, and a liquidation price of $642.40. Unrealized profits have expanded to around $468,000, raising the return rate to 284.1%. Based on the full price range, the whale has captured roughly two-thirds of the 48.8% rebound. Trade records show 139 buy transactions for LITE during this period, with no sell orders placed, and no take-profit or partial-close orders set for LITE. The whale first entered on the evening of July 30, accumulating 1,897.9 LITE shares within approximately two hours at a total cost of about $1.27 million and an average price of $669.20. The initial trade was executed at just $636.50, after which LITE surged rapidly to around $696 that same evening. On the evening of August 3, the whale added another 540 shares at an average price of $700.50, investing approximately $378,000. Following this second accumulation, LITE continued its upward momentum on August 4, reaching an intraday high of $874.30. LITE is currently trading at $868.20, up 23.3% in the last 24 hours; since its July 30 low of $583.50, it has rebounded 48.8%, with an hourly funding rate of approximately +0.00384%. Additional information: Lumentum will release its Q4 and full-year fiscal year 2026 earnings after market close on August 11 (EDT), followed by a conference call at 5:00 p.m. EDT (5:00 a.m. Beijing time on August 12). (Source: BlockBeats)
Mysterious Whale Buys Lumentum (LITE) Before Price Surges, Earns 284% Profit
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Summary
Whale activity on Lumentum (LITE) drew attention as a major holder with address 0xaa53 made two large purchases ahead of price movement. The whale bought 1,897.9 LITE at $669.2 on July 30 and added 540 LITE at $700.5 on August 3, totaling $1.648 million. As of the report, the position was valued at $2.117 million, representing a $468,000 profit and a 284.1% return. LITE rose 23.3% in 24 hours and gained 48.8% from its July 30 low.
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