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Whale Activity Spikes for LIT and MNT, But Price Structures Diverge
LIT and MNT saw their highest whale transaction counts in six months. LIT holds a bullish channel near $0.13; MNT must reclaim $0.57 to confirm a reversal.
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Lighter (LIT) and Mantle (MNT) each recorded their highest single-day count of $100,000-plus whale transactions in six months, according to Santiment data shared Tuesday. LIT logged 86 such transfers; MNT registered 37.
The metric does not distinguish buys from sells or internal wallet shuffles. The timing lines up with a period of elevated volatility across mid-cap altcoins, and large-wallet activity has historically clustered ahead of trend shifts in either direction.
LIT has held inside an ascending channel since late February. The token trades near $0.13, with the RSI at 54 – neutral, with room on both sides. A clean break above $0.19 would open a path toward $0.26, the next overhead level from the channel structure. If the lower boundary fails, the $0.11-to-$0.10 zone becomes the next support. The channel itself is intact; the whale spike adds weight to the bull case but does not change the technical setup.