LIT Airdrop large recipients, showing strong willingness to hold

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Analyzing the data, the landscape of the LIT airdrop is quite interesting. Among the top 10 recipient addresses, only 2 have actually reduced their positions, and only 1 has completely exited. The remaining 8 addresses still hold onto their LIT.

High Concentration and Holding Tendencies of the Top 10 Wallets

Considering that the top 10 airdrop addresses currently account for 86.02% of the total circulating supply, their holding decisions have a significant impact on the market. The fact that most are maintaining their holdings suggests that initial recipients are adopting a long-term perspective.

Broader Ecosystem Analysis: Diverse Movements of the Top 50 Addresses

Expanding the scope to the top 50 airdrop recipients reveals a more complex situation. They hold 97.24% of the supply, with 12 addresses showing a decrease in holdings, and 5 of those have fully sold off.

Interestingly, 5 addresses have increased their LIT holdings at the same time. This indicates that even within the initial recipient group, different positioning strategies coexist. Some are taking profits, while others are buying more in pursuit of greater gains.

What Does This Ultimately Mean?

The strong holding intentions among the top tiers, which account for most of the total LIT airdrop volume, are a positive sign. It suggests that the market has not experienced a sharp price drop due to large-scale sell-offs early on. However, the net selling observed within the top 50 indicates some investors are realizing profits, reflecting that the market is still in the discovery and price formation stage.

LIT-8,51%
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