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Project Overview
Timeless is a yield tokenization protocol that offers Perpetual Yield Tokens (PYTs), giving their holders a perpetual right to claim the yield generated by the underlying principal. Additionally, Timeless offers Negative Yield Tokens (NYTs), providing a protocol-native way to short yield rates.
An address associated with early Ethereum contributor billΞ.eth withdrew 500,000 LIT, worth $2.07 million
Odaily News: According to on-chain analyst Ai Yi, an address (0xC31...23fb) associated with early Ethereum contributor billΞ.eth withdrew 500,000 LIT from the Lighter protocol 2 hours ago, worth $2.07 million. Lighter is the Perp DEX built into Robinhood Wallet, and its trading volume has increased recently, with LIT up over 97% in the past month.
6 months profit of $14.93 million: A whale sells 92,200 VVV and holds 4.74 million LIT
Odaily News: According to Lookonchain monitoring, a whale purchased 102,200 VVV at $7.87 six months ago. After the price rose today, the whale sold 92,200 VVV at $25.75, earning $2.37 million. The whale still holds 10,000 VVV worth $259,500, having realized a profit of $1.83 million.Over the past three months, the whale also spent $11.3 million to buy 4.74 million LIT at an average price of $2.39, which is currently worth $24.4 million, representing a paper profit of $13.1 million. The whale has made a total profit of $14.93 million from VVV and LIT.
Total profit reached $14.163 million, with maxlong.hl's LIT long position showing unrealized gains of $12.6 million
Odaily News: According to HyperliquidNews monitoring, maxlong.hl holds a long position of 4,999,999 LIT tokens with an average entry price of $2.6418. The current unrealized profit stands at $12.6 million, with additional realized gains exceeding $3.6 million on Hyperliquid. This wallet has been setting new personal bests in PnL on a daily basis, with total profits reaching $14.163 million and 30-day earnings of $7.98 million. It currently ranks 223rd among all Hyperliquid wallets.
Bankless founder sells all ETH, reallocates to ZEC and LIT, both significantly outperforming ETH
Odaily News DeFi researcher Ignas posted on X: "After David Hoffman (Bankless founder) sold his ETH, he reallocated his portfolio into some of the best-performing tokens, such as LIT and ZEC. NEAR also performed well, and only VVV underperformed the broader market. Although the market was full of fear, uncertainty, and doubt (FUD) at the time, and it was also very close to the ETH bottom, the goal of aggressive crypto investors has always been to outperform BTC and ETH. Well done, David."Previously reported, Bankless co-founder David Hoffman announced in June this year that he had sold all his ETH and bought VVV, NEAR, ZEC, HYPE, and LIT.
Hyperliquid LIT's largest short position opens 20x long on Bitcoin, closes SOL and AVAX shorts
Odaily News: According to Hyperbot data, Hyperliquid LIT's largest short position opened a new 20x leverage long position on Bitcoin this morning, currently holding 230.52942 BTC with unrealized profit of approximately $172,000. In addition, all SOL and AVAX short positions have been closed, while the 3x leverage LIT short position still holds 2.528 million LIT, with unrealized losses of $5.13 million.As of now, among this whale's positions, the long side is valued at approximately $32.25 million and the short side at approximately $85.4 million, with overall unrealized losses of approximately $4.778 million and a return on investment of -40.15%.
Cumberland transferred 2 million $LIT tokens in four batches to a CEX, valued at $6.94 million.
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), Cumberland transferred 2 million $LIT tokens (worth approximately $6.94 million) to the OKX and Bybit exchanges in four installments on behalf of its clients.
Lighter repurchased a total of 927,800 LIT in August, LIT up over 15% in 24 hours
Odaily News Lighter team released the project's August data summary. In August, Lighter's open interest (OI) exceeded $1 billion, with trading volume reaching approximately $39.5 billion, and its global market share in perpetual contract trading volume continued to rise month-over-month. The independent trading platform built by Robinhood in partnership with Lighter also achieved significant growth in August, with total trading volume reaching approximately $5 billion and total accounts surpassing 21,000, generating approximately $500,000 in total trading fees for the month. Additionally, Lighter repurchased a total of 927,800 LIT tokens in August.According to OKX market data, Lighter is currently trading at 4.42 USDT, up over 15.16% in the past 24 hours.
Floating loss of $5.605 million; Hyperliquid's largest LIT short position adds $2.5 million in margin
Odaily News According to on-chain analyst Ai Yi's monitoring, Hyperliquid's largest LIT short position added $2.5 million in margin today, with a current floating loss of $5.605 million. The short position holds 2.528 million LIT tokens, valued at approximately $8.9 million, with an entry price of $1.3. After LIT was listed on Upbit today, its price surged briefly, prompting the short position to add margin to reduce liquidation risk. Currently, the margin for this single position stands at $7.16 million, with a liquidation price of $5.78.
Upbit to List LIT/KRW Trading Pair
According to the official announcement, Upbit will list the LIT/KRW trading pair.
Upbit to List Multiple Tokens, Including PEAQ and LIT, on BTC and USDT Markets
According to an official announcement, South Korean crypto exchange Upbit will list the PEAQ, LIT, KMNO, MORPHO, GRAM, LDO, PAXG, OSMO, and AMP tokens on its BTC and USDT markets. Trading for these tokens will begin at 3:00 PM local time on June 19.
Lighter updates buyback data: Over 15 million LIT repurchased, accounting for 6% of circulating supply
Lighter official posted on X updating the protocol's buyback data, indicating that since TGE, over 15 million LIT tokens have been repurchased, representing approximately 6% of the circulating supply.
CoinW's "On-Chain Smart Money" Tracks Whale Shorting Altcoins for Over $10 Million Profit, Now Supports "Zero-Profit Share" Copy Trading
according to CoinW's "On-Chain Smart Money" monitoring, the on-chain whale "Short Altcoin King" (address: 0xa312114b5795dff9b8db50474dd57701aa78ad1e) has been earning substantial profits by continuously shorting LIT and other altcoins and meme coins. Platform data shows that this whale has realized profits of $3.19 million and $2.11 million on LIT and ASTER respectively, with total cumulative earnings reaching $10.44 million over the past 90 days.It is reported that CoinW's "On-Chain Smart Money" now supports copy trading for this address, allowing users to copy trades with "zero profit sharing."Risk Warning: The above information is compiled based on historical on-chain data and does not constitute any investment advice or profit promise. Digital asset trading carries high risks; past performance does not guarantee future returns. Users should make cautious decisions based on their own risk tolerance.
Related news
An address associated with early Ethereum contributor billΞ.eth withdrew 500,000 LIT, worth $2.07 million
Odaily News: According to on-chain analyst Ai Yi, an address (0xC31...23fb) associated with early Ethereum contributor billΞ.eth withdrew 500,000 LIT from the Lighter protocol 2 hours ago, worth $2.07 million. Lighter is the Perp DEX built into Robinhood Wallet, and its trading volume has increased recently, with LIT up over 97% in the past month.
6 months profit of $14.93 million: A whale sells 92,200 VVV and holds 4.74 million LIT
Odaily News: According to Lookonchain monitoring, a whale purchased 102,200 VVV at $7.87 six months ago. After the price rose today, the whale sold 92,200 VVV at $25.75, earning $2.37 million. The whale still holds 10,000 VVV worth $259,500, having realized a profit of $1.83 million.Over the past three months, the whale also spent $11.3 million to buy 4.74 million LIT at an average price of $2.39, which is currently worth $24.4 million, representing a paper profit of $13.1 million. The whale has made a total profit of $14.93 million from VVV and LIT.
Total profit reached $14.163 million, with maxlong.hl's LIT long position showing unrealized gains of $12.6 million
Odaily News: According to HyperliquidNews monitoring, maxlong.hl holds a long position of 4,999,999 LIT tokens with an average entry price of $2.6418. The current unrealized profit stands at $12.6 million, with additional realized gains exceeding $3.6 million on Hyperliquid. This wallet has been setting new personal bests in PnL on a daily basis, with total profits reaching $14.163 million and 30-day earnings of $7.98 million. It currently ranks 223rd among all Hyperliquid wallets.
Lighter has completed the repurchase of 17.5 million LIT tokens, accounting for 7% of the circulating supply
Odaily News: Lighter officially announced on X that since the TGE, the Lighter protocol has completed the repurchase of 17.5 million LIT tokens through programmatic buybacks, representing 7% of the circulating supply.
Bankless founder sells all ETH, reallocates to ZEC and LIT, both significantly outperforming ETH
Odaily News DeFi researcher Ignas posted on X: "After David Hoffman (Bankless founder) sold his ETH, he reallocated his portfolio into some of the best-performing tokens, such as LIT and ZEC. NEAR also performed well, and only VVV underperformed the broader market. Although the market was full of fear, uncertainty, and doubt (FUD) at the time, and it was also very close to the ETH bottom, the goal of aggressive crypto investors has always been to outperform BTC and ETH. Well done, David."Previously reported, Bankless co-founder David Hoffman announced in June this year that he had sold all his ETH and bought VVV, NEAR, ZEC, HYPE, and LIT.
Hyperliquid's largest LIT short seller is still "holding firm," with unrealized losses exceeding $8.4 million
Odaily News, according to Hyperbot data, Hyperliquid's largest LIT short seller is still "holding firm." The 3x leveraged LIT short position still holds 2.528 million LIT, with unrealized losses expanding to $8.4 million and a liquidation price of $7.05. The overall position's unrealized loss is approximately $8.456 million, with a return on investment of negative 106%.