Solana's on chain stablecoin market value exceeds $10 billion, setting a new historical high
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BlockBeats News: On January 22nd, according to DefiLlama data, the market value of Solana's on chain stablecoins exceeded $10 billion, reaching $10.183 billion, a historic high, with a growth rate of 69.36% in the past 7 days.
Prediction markets show traders clustering around a $2 billion–$3 billion range, with odds for $4 billion and $6 billion outcomes falling steadily after October's crash.
What to know : Lighter's LIT token has not yet begun open trading, but its premarket valuation is already sparking debate, with estimates ranging from $2 billion to over $3 billion. The fully diluted valuation (FDV) of LIT is a contentious topic, as it reflects potential market value based on maximum token supply, which can be misleading without considering liquidity. Premarket trading suggests a valuation above $3 billion, but prediction markets show uncertainty, with traders on Polymarket giving even odds for LIT exceeding this figure.
[Justin Sun Withdraws 5.2 Million USDC and Buys 1.66 Million LIT]
On-chain analyst MLM monitoring shows that Justin Sun withdrew approximately 5.2 million USDC from a single wallet out of the roughly $200 million previously deposited into LLP and purchased approximately 1.66 million LIT tokens, currently valued at around $4.65 million. Additionally, about 1.2 million USDC remains in Justin Sun's spot account balance.
[Whale address 0x90924 closes $13.18 million BTC long position with 40x leverage]
Hyperinsight monitoring shows that whale address 0x90924 closed a 40x leveraged long position of 150 BTC (approximately $13.18 million) 10 minutes ago on December 30. Currently, it is still holding a $17.53 million basket of altcoins with an average 8x leverage, including ETH, SOL, SUI, AAVE, HYPE, PUMP, XPL, and ASTER, with an overall unrealized profit of $65,000.