Noticed an interesting movement with LIT - the price stays at $0.87, and the market capitalization is about $217 million. It turns out that Dragonfly recently received a substantial batch of tokens from Lighter, totaling 55.83 million LIT. According to the blockchain data, this looks like an investment package that was frozen for a year after the token launch.

What’s interesting is that Dragonfly will receive these tokens gradually, but they won't be put into circulation until after the end of December 2026. Such a locking scheme is quite typical for large investors to avoid a sharp dump on the market. The LIT tokens remain locked for another year and a half, giving the project time to develop.

Generally, when large funds like Dragonfly receive such volumes, it’s usually a sign that they believe in the long-term potential. It will be interesting to see how this affects LIT’s dynamics closer to the end of 2026, when the unlock begins.