Gate News, March 26: According to Onchain Lens monitoring, a Hyperliquid whale suspected to be associated with NervousDegen, with accumulated profits and losses of +$16.39 million, has recently opened new long positions. The address opened 100 BTC longs (40x leverage) with a notional value of approximately $7.09 million; simultaneously opened 1 million LIT longs (5x leverage) with a notional value of approximately $982,000. Additionally, the address currently holds 75,160 HYPE spot and staking positions with a combined value of approximately $3.01 million.

Gate News bot message, a whale holding a 2x short position on $LIT has accumulated a floating profit exceeding $2.07 million as the token trades below $1. The whale's position includes 2.65 million $LIT tokens valued at approximately $2.5 million.

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 Currently, approximately $38 million has been withdrawn and used to purchase 13.25 million LIT, accounting for 1.33% of the total token supply.