According to @OnchainLens, a whale running a 1x long on LIT was partially liquidated as price fell, realizing a $509,000 loss, source: Onchain Lens on X (Jan 15, 2026). The same update states the position remains open with a next liquidation price of $1.49, source: Onchain Lens on X. The linked tracker shows the active wallet exposure and liquidation thresholds for the LIT position at wallet 0x6c0f1f1e73a98435494ddd5ff1e62f2dfbd03a62, source: CoinMarketMan HyperTracker app.coinmarketman.com/hypertracker/wallet/0x6c0f1f1e73a98435494ddd5ff1e62f2dfbd03a62. This $1.49 level is the stated trigger for further forced selling on that account, source: Onchain Lens on X; CoinMarketMan HyperTracker.

According to @OnchainLens, a 7-day-old wallet deposited 2 million USDC into Lighter to scale its LIT position after depositing a total of 4 million USDC over the past week, purchasing 1,285,010 LIT for 3.8 million dollars at an average execution price of 2.96, and still holding 193,717 USDC available, with the address shown at app.lighter.xyz/explorer/accounts/0x0b4a2c0757cDfDF88039baa6bE9A4677560105B1, source: Onchain Lens; Lighter Explorer. The executed size of 1,285,010 LIT at a 2.96 dollar average provides a clear on-chain cost basis to track this address’s unrealized PnL and potential liquidity footprint on Lighter, source: Onchain Lens; Lighter Explorer. Traders can monitor follow-on deposits, bids, or distribution from this wallet via the Lighter Explorer link and Lighter order flow for near-term market impact tracking in LIT, source: Lighter Explorer; Onchain Lens.