According to on-chain data analytics platform Onchain Lens (@OnchainLens), as the price of $LIT fell below $1, the floating profit of a whale’s 2x short position in $LIT has exceeded $2.07 million. The whale holds 2.65 million $LIT, currently valued at approximately $2.5 million.
Whale's 2x Short Position on $LIT Generates Over $2.07M in Profit
TechFlowShare
Summary
Whale activity on $LIT has seen a major move, with a whale securing over $2.07 million in unrealized profit from a 2x short position. The position gained as $LIT fell below $1. The whale holds 2.65 million tokens, valued at approximately $2.5 million. Position trading strategies are delivering strong results amid this market shift.
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