Guy Fawkes 
Whale accumulation has quietly accelerated in LIT Lighter crypto just as the token shows signs of recovery from its post-airdrop lows. Recent on-chain data reveals two large wallets depositing a combined $2.32 million worth of LIT into the staking pool. One move is worth approximately $2.08 million, and another is around $238,000.
These deposits, reported yesterday, signal confidence from big players ahead of full staking rollout and have fueled fresh discussion in the community.
Annualized fees are currently around $61.6 million, closely matching protocol revenue. Total value locked (TVL) has risen to just under $1 billion. Trading activity is also high, with roughly $2.2 billion in DEX volume and over $109 billion in perpetual trading volume over the past 30 days.
(Source: DefilLama)
After a massive airdrop on December 30, 2025, distributing 250 million tokens valued at roughly $675 million, attention has turned to how the project navigates the typical post-distribution volatility in early 2026.
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Heavy Selling After Lighter Airdrop: 63% Drawdown for LIT Crypto and the Path to Recovery
The hours and days after the Lighter airdrop brought heavy selling pressure. Many recipients liquidated their newly received LIT crypto, driving the price down from an opening peak near $4.04 to around $2.62 within the first day: roughly a 35% drop from launch highs. Over the following weeks, the token tested lower levels, eventually reaching an all-time low close to $1.50, representing a drawdown of about 63% from its debut price.
(Source: TradingView)
More recentl,y LIT has staged a noticeable recovery, currently trading around $1.85 with a 24-hour gain of over 11%. Daily trading volume sits at approximately $87 million, providing respectable liquidity for its $463 million market cap.
Despite the reset, whale accumulation has continued in spots, helping to form short-term support levels.
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Whale Staking Moves & Divided Sentiment: Can LIT Stabilize After the Dump?
Sentiment around LIT remains divided. Critics point to rapid post-airdrop selling, decline in daily users and fees, and question whether the project became more of a short-term farming opportunity than a sustainable protocol.
On the other side, supporters highlight ongoing revenue-funded buybacks that reduce circulating supply, relatively strong retention among top holders, and the protocol’s technical edge in execution speed. Fresh on-chain developments add an interesting layer: recent activity in the Lighter staking pool shows two crypto whales depositing a combined $2.32 million worth of LIT.
One depositing approximately $2.08 million (with wallets funded via Binance hot wallet on December 22) and another depositing around $238,000 (funded through Binance and Upbit hot wallets on December 24). It’s now thought these whales are preparing for potential staking rewards.
Strange Activity In Lighter Staking Pool
two whales just deposited $2,322,712 $LIT into the lighter staking pool.
◈ the first whale deposited $2,084,712 $LIT. his wallets were funded through the binance hot wallet a month ago on december 22.
◈ the second whale deposited… pic.twitter.com/T5n1tVRts1
— winngamer (@winngamerx) January 26, 2026
Upcoming staking functionality, expected to offer attractive APRs to liquidity providers and holders, could help stabilize behavior and counter sell pressure further.
The near-term path for LIT will likely depend on execution. Successful delivery of staking and new product features could push the token back toward the $2+ range and rebuild confidence. Continued outflows or slower adoption, however, might see retests of lower levels.
Plans to expand into additional asset classes beyond crypto perpetuals could open new demand drivers and help LIT move past the volatility that typically follows large airdrops.
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The post LIT Lighter Crypto: Post-Airdrop Rebound Gains Traction with Whale Staking Deposits appeared first on 99Bitcoins.
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