Gate News Announcement: On March 8th, the Lighter Protocol officially disclosed that since the TGE (Token Generation Event), a total of 7.48 million LIT tokens have been repurchased, accounting for approximately 3% of the current circulating supply. It is reported that the protocol's daily repurchase operations are automatically executed by a program.

Gate News bot message, a whale holding a $LIT (2x) short position is currently having a floating profit of $1.36M as $LIT is going down.

Sun Yuchen posted on social media that he remains optimistic about Lighter and mentioned rebalancing his wallet. On-chain data shows that he withdrew approximately 152 million USDC from Lighter LLP, accounting for about 17%-18% of the Lighter platform's balance.

Justin Sun stated that he will continue to hold all LIT tokens and is optimistic about its long-term performance. He is rebalancing his wallet and plans to redeposit on the Lighter LLP platform. Currently, approximately $38 million has been withdrawn and used to purchase 13.25 million LIT, accounting for 1.33% of the total token supply.

BlockBeats News, February 14 — According to HyperInsight monitoring, "Shorting New Coins" trader (0x26359) closed a 1x leverage short position of 242,356 MEGA tokens, with a final profit of $17,800. Previously, this trader shorted MON, LIT, and FOGO, earning a total profit of $41,600.

According to Hyperinsight monitoring, the "Shanzhai Air Force Head" address reduced its PUMP short positions by approximately $1,302,800 on February 13. It currently holds $1,687,500 in short positions, with unrealized gains of $757,300 and a return rate of 448.76%. At the same time, this address took partial profits on UNI short positions. Additionally, the whale increased its LIT short positions, currently holding about $4,170,000, with unrealized gains of $3,280,000.

Odaily Planet Daily reports that, according to Onchain Lens monitoring, a whale deposited 7 million USDC into Hyperliquid to open long positions in HYPE, BTC, LIT, and XPL.

According to Coinbob monitoring, the whale "Shanzhai Air Force Leader" holds short positions in 21 cryptocurrencies, with a floating profit of $7.9 million today and a monthly profit of $11.78 million. The main holdings include LIT, ASTER, and PUMP, and the total position size has recently been reduced through closing trades.

Odaily Planet Daily reports that Three Arrows Capital founder Zhu Su stated that in the upcoming new market cycle, "analogical reasoning" can be used to observe the potential rotation paths of different assets. He proposed the following correlations: ETH's performance is similar to BTC in the previous cycle; SOL's performance is similar to ETH in the previous cycle; HYPE's performance is similar to SOL in the previous cycle; LIT's performance is similar to that of the previous cycle's

PANews February 1 News, according to Onchain Lens monitoring, after holding a $LIT long position for about 34 days, the whale "0xf39" has fully closed its position, incurring a loss of 3.7 million USD.