Lighter (LIT) Gains 141.5% Since Robinhood Chain Mainnet Launch

Lighter’s LIT token rose about 141.5% from the Robinhood Chain mainnet launch on July 2, leaving three tracked long positions with combined unrealized gains of roughly $15.465 million.

LIT traded at about $4.567 on Sept. 14 after gaining 9.85% over 24 hours. Its reference price on Hyperliquid when the mainnet launched was $1.89.

The three positions held a combined 7.378 million LIT worth about $33.71 million. The largest address, beginning 0x9321, held about 5 million LIT at an average entry price of roughly $2.64. The position showed an unrealized gain of approximately $9.634 million.

An address beginning 0x016e held about 1.664 million LIT purchased at an average price near $2.364. The position carried an unrealized gain of approximately $3.669 million. The address accumulated the tokens on July 5 and July 6 and had not reduced the position.

A third address, beginning 0x5f94, held about 714,600 LIT at an average entry price of $1.5422. Its unrealized gain stood at approximately $2.162 million.

Separately, an address beginning 0x7e1a substantially closed portions of its position on Sept. 9 and Sept. 11, realizing about $629,000. It bought LIT again on Sept. 13 and held about 902,200 tokens at an average entry price of $3.76.

That rebuilt position showed an unrealized gain of roughly $722,000 and had a protective stop at $3.90.