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Project Overview
Bunni is an automated market maker (AMM) that builds upon the concept of ticks from Uniswap v3 and introduces several features to optimize liquidity provision and maximize the profits of liquidity providers (LPS). Bunni's predecessor, Timeless, is a yield tokenization protocol.
Holds $41M in long positions with $9.25M in unrealized gains; a whale opened LIT positions 78 days ago and has held HYPE for over a year
: According to Onchain Lens monitoring, a whale holds $41 million worth of LIT and HYPE long positions on Hyperliquid, with $9.25 million in unrealized gains. Among them, a long position of 4.9 million LIT tokens was opened 78 days ago, with $6.46 million in unrealized gains; a long position of 200,000 HYPE tokens was opened 418 days ago, with $2.73 million in unrealized gains. This address has accumulated a total profit of $8.68 million.
Bankless co-founders liquidated their ETH positions in May before allocating to assets such as NEAR and ZEC, all of which gained over 100%.
According to on-chain analyst Ai Yi, Bankless co-founder David Hoffman cleared his ETH position in May and accumulated VVV, NEAR, ZEC, HYPE, and LIT in June. To date, the gains on all the aforementioned tokens he holds have outperformed ETH over the same period, with LIT rising approximately 293%, while NEAR, ZEC, and HYPE have gained roughly 223%, 173%, and 106%, respectively. Hoffman recently reiterated his bullish outlook on the future trajectory of ZEC and NEAR.
After Dumping ETH and Betting on Multiple Altcoins, Bankless Co-Founder Says Altcoin Season Has Arrived
Odaily News: Bankless co-founder David Hoffman posted on X, stating, "We are now in altcoin season, and the real market moment is coming sooner than expected." It is reported that David Hoffman announced the liquidation of his ETH holdings on May 21, and subsequently bought VVV, NEAR, ZEC, HYPE, and LIT, all of which have significantly outperformed ETH.
204% Return in 3 Months: A Smart Money Deposits 475,000 LIT to Lighter, Would Profit $1.512 Million If Sold
Odaily News: According to on-chain analyst Aunt Ai's monitoring, a smart money address (0xa23...CF98) accumulated 475,000 LIT at a cost of $1.56 three months ago, and withdrew tokens worth $2.257 million from Bybit in June 2026. The address deposited all its LIT to Lighter at a price of $4.75 five hours ago, achieving a 204% return over 3 months of holding; if sold, it is expected to profit $1.512 million.
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.
Bitwise launches first Lighter ETP on Deutsche Börse
Bitwise has launched its first ETP product tracking the Lighter (LIT) token on the Deutsche Börse, allowing European investors to participate via securities accounts, with staking functionality to be activated once the fund reaches a specified asset threshold.
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.
Related news
CryptoRank: Multiple Projects Face First Large-Scale Team and Investor Unlocks in Q4, With MON Unlocks Valued at $521 Million
According to CryptoRank data, multiple crypto projects will undergo their first major team and investor token unlocks following the end of their cliff periods in Q4 2026, involving MON, STABLE, KITE, LIT, PIEVERSE, and ALLO. Among them, MON is expected to unlock team and investor tokens worth approximately $521 million, representing 131.6% of its current market cap—the highest on the list. STABLE, KITE, LIT, PIEVERSE, and ALLO are projected to unlock tokens valued at approximately $353 million, $119 million, $52 million, $46 million, and $43 million, respectively. Once these tokens enter circulation, they may introduce additional supply pressure.
Holds $41M in long positions with $9.25M in unrealized gains; a whale opened LIT positions 78 days ago and has held HYPE for over a year
: According to Onchain Lens monitoring, a whale holds $41 million worth of LIT and HYPE long positions on Hyperliquid, with $9.25 million in unrealized gains. Among them, a long position of 4.9 million LIT tokens was opened 78 days ago, with $6.46 million in unrealized gains; a long position of 200,000 HYPE tokens was opened 418 days ago, with $2.73 million in unrealized gains. This address has accumulated a total profit of $8.68 million.
LIT Drops Over 14% in Minutes, Triggering Massive Liquidation Cascade
According to Onchain Lens monitoring, LIT dropped over 14% within minutes, triggering a massive liquidation cascade; Robinhood is offering perpetual futures trading in the U.S. through its integration with Bitstamp.
Bankless co-founders liquidated their ETH positions in May before allocating to assets such as NEAR and ZEC, all of which gained over 100%.
According to on-chain analyst Ai Yi, Bankless co-founder David Hoffman cleared his ETH position in May and accumulated VVV, NEAR, ZEC, HYPE, and LIT in June. To date, the gains on all the aforementioned tokens he holds have outperformed ETH over the same period, with LIT rising approximately 293%, while NEAR, ZEC, and HYPE have gained roughly 223%, 173%, and 106%, respectively. Hoffman recently reiterated his bullish outlook on the future trajectory of ZEC and NEAR.
Bitwise launches first Lighter ETP on Deutsche Börse
Bitwise has launched its first ETP product tracking the Lighter (LIT) token on the Deutsche Börse, allowing European investors to participate via securities accounts, with staking functionality to be activated once the fund reaches a specified asset threshold.
Ignas: High-Revenue Token Narrative Continues or Makes the Crypto Bull Market Simpler
DeFi researcher Ignas posted on X platform stating that if the "high-revenue token" narrative persists, the current period could become one of the easiest crypto bull markets to participate in. He believes that investors should focus on projects with high and continuously growing revenue, where revenue can actually flow back to token holders through dividends or buybacks, and where market capitalization is low relative to the revenue available to holders, while also considering token issuance and unlock schedules. Ignas stated that in the future, AI agents could also automatically complete relevant screening and due diligence on a weekly basis, and noted that tokens such as HYPE, LIT, and PUMP appear in hindsight to have been relatively simple trading opportunities. The next step should be to look for emerging protocols with relatively high revenue that are still undervalued by the market.