An entity received a $26 million LIT airdrop and has already sold $7.18 million worth of LIT.
TL;DR
An entity received a $26 million LIT airdrop, representing 1% of total supply, and has sold $7.18 million worth of LIT since the token generation event.
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[An entity received a $26 million LIT airdrop and has already sold $7.18 million worth of LIT] According to Mars Finance, on December 31st, MLM monitoring revealed that an entity deposited approximately 5 million USDC into LLP about nine months ago, distributed across five wallets, and received 9,999,999.60 LIT (approximately $26 million) in the airdrop. Furthermore, LLP generated an additional return of approximately $1-2 million. This airdrop amount represents about 1% of the total token supply and approximately 4% of the circulating supply. After receiving the 9,999,999.60 LIT (approximately $26 million), the entity has sold 2,760,232.88 LIT (approximately $7.18 million) since TGE.