Woofun AI reports that a crypto trader executed a massive on-chain swap on Sunday, exchanging 1,126.44 ETH valued at $2.01 million for 5,776 LIT tokens worth only $14,208. The trader paid an effective price of approximately $348 per LIT, which was roughly 140 times the prevailing market price of $2.46 at the time of the transaction.

LIT has appreciated 22.5% over the last 24 hours and 53.3% over the past week, with a market capitalization of $675 million and total value locked of $533.6 million. Daily trading volume stood at $116.76 million.

Additionally, Lighter burned 15.5 million LIT on July 2, representing about 6.3% of the circulating supply.