Justin Sun’s $38M LIT Obsession: 13.25M Tokens & Counting 🚀💰

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Oh, just another day in the crypto world where Justin Sun decides to spend $38 million on LIT tokens. Because why not? 🤷‍♂️💸

  • Justin Sun withdrew $38 million from Lighter Liquidity Protocol. Because who needs a safety net when you can just throw money at problems? 💸
  • The Tron founder deployed $33 million to accumulate 13.25 million LIT tokens. Over 5% of the circulating supply? Sounds like a midlife crisis with a side of blockchain. 🤯
  • Remaining $5.5 million in his spot balance? A tiny fraction of his total chaos. 🌪️

Justin Sun, founder of Tron, has increased his holdings in the LIT token by using funds from the Lighter Liquidity Protocol (LLP). Sun has converted about $33 million into 13.25 million LIT tokens over the past week. 🚀

This purchase, announced on Thursday, seems to be a targeted acquisition of the asset, as it makes up a large part of the token’s available supply. Because nothing says “I’m in charge” like buying 5% of a token’s supply. 💰

– MLM (@mlmabc) January 1, 2026

Aggressive LIT purchases

Out of this amount, $33 million has gone directly into LIT purchases, leaving around $5.5 million in Sun’s spot account. His current holding of 13.25 million LIT is about 1.33% of the total supply and 5.32% of the circulating supply. Because why settle for 1% when you can have 5%? 🤪

The $200M LLP Deposit

The activity follows a time of heavy investment from Sun into the Lighter Liquidity Protocol. Earlier this month, Sun deposited an estimated $200 million into the LLP, creating a large liquidity base for the platform. Because who needs a stable economy when you can have a liquidity monster? 🦠

You don’t casually deploy size like this #JustinSun

– Kaff 📊 (@Kaffchad) December 31, 2025

The accumulation comes amid a volatile launch period for the protocol. In December, Lighter faced scrutiny following allegations that insiders had rigged airdrop bets on Polymarket. Despite this, the LIT token launched on December 31 with a $2 billion fully diluted valuation (FDV). It ranked third among perpetual DEXs. 📈

The listing followed earlier speculation sparked by a huge 250 million LIT token transfer on December 20, which many suspected was a precursor to the airdrop and subsequent market listing. Because nothing says “trust us” like a 250M token transfer. 🤝

Concerns over airdrop distribution

Further investigation into the protocol’s distribution has raised questions regarding a specific entity that deposited $5 million USDC into the LLP around nine months ago. This capital was split across five wallets, including 0x30cD78B…6164 and 0x9A6D98…6caD, eventually receiving 9,999,999.60 LIT from the airdrop, valued at roughly $26 million. When including LLP yield, this entity’s returns are estimated to be an additional $1-2 million. Because splitting is always the answer. 🧠

This entity deposited ~$5M USDC into LLP around 9 months ago, split across 5 wallets, and received 9,999,999.60 LIT from the airdrop (~$26M) – a perfectly round number. This excludes LLP yield, which adds another $1-2M in returns.

This represents 1% of total supply and ~4% of…

– MLM (@mlmabc) December 31, 2025

This allocation represents around 1% of the total LIT supply and approximately 4% of the circulating supply. Analysts noted that the entity used five different clusters to consistently split the LIT evenly across five wallets. Since the token generation event (TGE), approximately 2,760,232.88 LIT (worth about $7.18 million) from this specific airdrop allocation has already been sold. Because nothing says “I’m a responsible investor” like selling 7 million dollars’ worth of tokens. 🚫💸

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2026-01-01 23:37