A whale bought approximately $7.22 million worth of tokens in 24 hours, with LIT, ENA, and ONDO ranking in the top three.
Let’s look at both sides:
Bullish case: The event provides a narrative that could attract more attention;
Bearish case: The good news may already be priced in, making the announcement a sell-the-news event;
My take: Both sides have a point. Ultimately, it comes down to which way $LIT ’s volume and price action go.
Latest for $LIT : 3.6423, 24h +7.33%, 24h range 3.357–3.985.
Let’s look at both sides:
Bullish case: The event provides a narrative that could attract more attention;
Bearish case: The good news may already be priced in, making the announcement a sell-the-news event;
My take: Both sides have a point. Ultimately, it comes down to which way $LIT ’s volume and price action go.
Latest for $LIT : 3.6423, 24h +7.33%, 24h range 3.357–3.985.