With the $33M purchase, Justin Sun-linked wallets build 5% stake in Lighter’s LIT token

Wallets linked to Justin Sun have acquired 13.25 million LIT tokens, for approximately $33 million. Sun has gained 5% control of the token’s circulating supply. 

Key Highlights 

• Justin Sun, a Chinese-born Kittitian crypto billionaire and businessman, has acquired roughly $33 million worth of LIT. 
• Sun holds over 5% of the LIT’s total circulating supply. 
• The accumulation is connected to Lighter’s liquidity program, not airdrop farming. 

About LIT Token 

The LIT token was launched on December 30, 2025, with a total airdrop of 25% of the total supply. Lighter, its decentralized perpetual trading platform is built as an application-specific ZK-rollup, offering verifiable order matching and performance comparable to traditional exchanges. The current LIT price is approximately $2.63 with a 24-hour trading volume of around $18.40 million. LIT reached an all-time high of $4.04 on December 28, 2025. 

Structured LIT accumulation 

According to an on-chain researcher, MLM, four Justin Sun-linked wallets received 1.6 million LIT after the token generation event, achieving a total of roughly 6.4 million LIT, which is valued at about $17 million. 

There was no evidence that Sun participated in earlier points farming, as the wallets were funded between 34 and 50 minutes after Lighter’s airdrop allocation form was closed.   

Sun also deposited nearly $200 into Lighter’s Liquidity Provider Program. Later, he withdrew around $38 million and used approximately $33 million of that amount to purchase an additional 13.25 million LIT on the market. The wallet holds 14.89 million LIT, which is worth roughly $39.8 million. It provides Sun approximately 5% control over the circulating supply and 1.33% of the total supply. 

Equal Token Allocation 

LIT was launched on December 30 and debuted with a 25% airdrop to early users and liquidity providers. This pushed the circulating supply to roughly 250 million tokens. 

The total supply is equally divided between insiders and the ecosystem. 24% of the token supply goes to investors, and 26% is allocated to the team. Both investors and the ecosystem are subject to a one-year cliff and three years of linear vesting, which means individuals do not gain any ownership rights or benefits until they complete one full year of association with the token.  

LIT gains value through buybacks, staking, fee recycling, stalking, governance, and access to advanced features.

LIT Under Pressure 

The Lighter (LIT) token is under pressure due to significant post-airdrop selling concerns about its tokenomics structure and intense competition in the DeFi perpetuals market. The selling pressure is high, and many investors, including Sun, have sold off their tokens to gain immediate profits. Since the launch of the LIT token, the cryptocurrency has experienced significant price volatility. It was at an all-time high of $4.04 on December 28, 2025.  Currently, it is trading around $2.63 with a 24-hour trading volume of $18.40 million. The token prices have slid by 30%.  

Final Thoughts 

In 2026, experts predict LIT prices will range from $2.65 to over $5.00. It will depend on market conditions, adoption rates, and competition. Utility and protocol adoption are key factors that could influence LIT prices. It also faces high competition from established decentralized exchanges like Hyperliquid and Aster.