On-chain LIT remains strongly bullish, confident to rise above $4.1. Polymarket's bet on "valuation exceeding $4 billion after launch" probability slightly increases.

BlockBeats News, December 29 — According to HyperInsight monitoring, in the past 3 hours, the largest on-chain LIT long address (0xdaa) has set multiple take-profit orders in a “reverse pyramid” pattern between $4.12 and $6.00, with only about 0.67% of the position planned to be closed at the $4.12 level. This address previously established a 3x leveraged long position since the LIT pre-market contract went live on the 24th and has been adding to the position. Currently, the holdings amount to approximately $3.12 million, with an average price of $3.82, and an unrealized loss of about $143,000 (4.66%). Meanwhile, the long and short forces on Hyperliquid are currently relatively balanced. Since the pre-market contract launched, 10 whales holding over $1 million have entered, with 5 on each side. Today, two new whales opened long positions. Regarding market sentiment, data from Polymarket shows that the probability of the contract betting “Lighter listing one day after FDV exceeds $4 billion” has increased by about 9% in the past 24 hours, now reaching 30%; the probability of FDV remaining above $3 billion has increased by about 10%, now at 52%. The current pre-market price of LIT is about $3.50, corresponding to a fully diluted valuation (FDV) of approximately $3.5 billion. According to previous news on the 27th, Lighter’s relevant person in charge (X:Pillaeth) stated that the TGE and airdrop will take place in 2025, with the airdrop accounting for 25% of the total supply. It is estimated that each point of score corresponds to about 20.8 LIT tokens, which, at the current price, is worth approximately $72.8.