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Mlm onchain
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TradeXYZ just listed SILVER - now live with 20× leverage, 24/7, 365.

https://app.hyperliquid.xyz/trade/xyz:SILVER
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Mlm onchain
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Staking Withdraw Initiated
HyperLabs
Amount: 1.20M HYPE ($30.2M)
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A wallet sold 100K HYPE (~$2.5M) ~50 minutes ago, transferred the funds to another wallet, and started a 5-hour TWAP to long 500K LIT (~$1.73M) - with 77K LIT (~$266K) already filled.

https://hypurrscan.io/address/0xd9225c2b6383f6e532c01c34d7588b1106b9e30b

https://hypurrscan.io/address/0xa71d664f7899dbe4ac768c1b162c4c5610e978aa

The same wallet also unstaked another 100K HYPE (~$2.54M) around the same time, which will unlock in 7 days.

It received 684,415.94 HYPE at TGE, making it the 20th-largest airdrop recipient and netting over $17M from HYPE alone.
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The wallet is currently aggressively longing $LIT via market buys and is now long ~207K LIT ($773K), still adding to the position.

He could be trying to force a squeeze, idk, but the behavior looks extremely aggressive.

https://x.com/mlmabc/status/2005384044994027687
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The Lighter fee wallet currently holds 1,216 LIT (~$3K) and is increasing every second, suggesting buybacks may have started; it also holds ~$550K in perps USDC and ~$110K in spot USDC.

Update: This is likely driven by LIT trading fees rather than buybacks, as no corresponding buys are visible on the block explorer.

https://app.lighter.xyz/explorer/accounts/0
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This entity deposited ~$5M USDC into LLP around 9 months ago, split across 5 wallets, and received 9,999,999.60 LIT from the airdrop (~$26M) - a perfectly round number. This excludes LLP yield, which adds another $1–2M in returns.

https://x.com/mlmabc/status/2006371709486616931
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Of the ~$200M Justin Sun deposited into LLP, he has now withdrawn around ~$38M and used ~$33M to buy 13.25M LIT, with roughly ~$5.5M still left in spot balance.

This equals ~1.33% of the total supply and ~5.32% of the circulating supply.

https://x.com/mlmabc/status/2006674408971317312
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It appears wallets linked to Justin Sun received exactly 1.6M LIT (~$4.3M) at TGE, likely as part of an LLP deposit deal. I couldn’t find any Justin Sun–linked wallets that farmed Lighter beforehand, and all four were funded roughly 34–50 minutes after the Airdrop Allocation Form closed.

https://x.com/mlmabc/status/2006750960266170552
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Loracle has been reducing his HYPE long, selling $4M over the past hour at ~$24.9 average, and remains long ~$21.6M.

https://hypurrscan.io/address/0x8def9f50456c6c4e37fa5d3d57f108ed23992dae
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Mlm onchain
Justin Sun just transferred the remaining $5.4M from his Lighter spot balance to perps and has started selling $LIT. https://x.com/mlmabc/status/2007470288695329274?s=20
Looks like he sold around $200K and then stopped selling.

He’s still holding 13.23M LIT (~$34.4M) in the wallet.
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