Whale hedges 10 million USDC on Lighter platform: short + spot dual positioning

OnChainDetective · 2026-01-13T05:34:10+00:00

A major trader on the Lighter platform executed a unique operation with $10 million USDC, using 5x leveraged short positions and purchasing $2.2 million worth of LIT in spot, seemingly hedging risk. Meanwhile, he still holds 2.788 million USDC as ammunition for subsequent position increases, demonstrating the strategic play of large market players.

OnChainDetective

2026-01-13 05:34:10

Abstract generation in progress

【Chain News】Recently, I came across an interesting on-chain data point — a big whale’s trading strategy on the Lighter platform is quite unique.

Specifically, this whale invested $10 million USDC, but the approach isn’t simply to go long. They opened a 5x leveraged short position on LIT while simultaneously using $2.2 million to buy 105,900 LIT at a spot price of $2.08. It looks like a hedge — betting on a price decline while also accumulating the spot.

Currently, this whale still holds 2.788 million USDC in reserve, enough to add to their position. From the on-chain data, it’s clear that this wave of LIT movement involves some big players secretly betting.

LIT-0,58%

USDC0,03%

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ShibaOnTheRun

· 9h ago

This guy really knows how to play. Shorting combined with spot trading, he's treating LIT like his own ATM. 2,788,000 hasn't moved yet, is he trying to scare retail investors?

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Whale_Whisperer

· 20h ago

This whale strategy is indeed sneaky, with both short and spot positions double killing, just waiting for LIT fluctuations to send money to themselves.

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LuckyBlindCat

· 01-13 06:01

This whale strategy is pretty ruthless, shorting and spot double kill, just betting that LIT won't fluctuate... 2.78 million is still in the pocket, and there are definitely more opportunities ahead.

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GasFeeSobber

· 01-13 05:58

This whale strategy is quite clever, shorting + spot hedging, it's really a battle of wits.

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SilentObserver

· 01-13 05:55

This strategy looks like betting on LIT to drop to a certain level and then buying the dip. Over 2.8 million USDC hasn't been used yet... really playing around.

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GamefiEscapeArtist

· 01-13 05:54

This whale is really playing 4D chess, one move shorting and one move spot trading, afraid that LIT will run away and even more afraid it will run too fast haha

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ResearchChadButBroke

· 01-13 05:54

This whale is playing quite extravagantly, with both short positions and spot positions getting double killed... I just want to know what he thinks about the future direction of LIT.

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