LIT Short's Unrealized Gain Drops 45% From Its $1.41 Million Peak

The unrealized gain on an address's LIT short fell to about $780,000 in a Nov. 6 snapshot, roughly 45% below its previous $1.41 million peak.

The address held 872,288 LIT in a short position valued at about $3 million at 11:18 p.m. ET Nov. 6 (04:18 UTC Nov. 7). The reported gain was floating profit on the position.

The latest figure was about $70,000 below an earlier reading of about $850,000. Compared with the peak, the gain had fallen by roughly $630,000.