TL;DR:
- Santiment detected a volume of 86 transactions exceeding $100,000 in Lighter’s LIT token over the last few days.
- The Mantle (MNT) network consolidated a total value locked (TVL) of over $1 billion within its decentralized infrastructure.
- The stablecoin supply within Mantle’s internal economy recorded a year-over-year expansion equivalent to 120%.
The recent surge in high-volume transactions has exposed a notable shift in whale behavior. The latest report from Santiment reveals that whales made their biggest move in 6 months within the Lighter (LIT) and Mantle (MNT) networks, capturing market attention following a period of price volatility across altcoins.Â
The recent activity of large-scale investors reflects intentions of accumulation and portfolio restructuring, coinciding with deep updates to the technical architecture of both protocols during this period.
Restructuring Lighter’s Internal Economy
On-chain data tracking revealed that whale activity within the Lighter ecosystem intensified significantly following the implementation of structural changes to its asset issuance. Santiment counted 86 individual transfers that crossed the $100,000 threshold, a financial behavior not witnessed since the beginning of the year.
This phenomenon in transactional volume accompanied an appreciation in the price of the LIT token, which climbed more than 20% on Monday to hit the $2.6 mark, representing its highest nominal level since January. This accumulation movement extended the token’s weekly gains to 37.9%.
According to Santiment’s analysis, the renewed interest from large-scale treasuries responds to the narrative of its perpetual contract decentralized exchange (DEX), complemented by integrated mechanics for buybacks and permanent supply burning.
Official protocol documentation details that Lighter transformed its governance incentives by allocating a $250 million LIT reserve fund, structured to sustain an estimated 6% annualized staking yield. At the close of market data, LIT was trading steadily at $2.6, maintaining a marginal daily gain of 0.19%.
Mantle Expands its Traditional Asset Infrastructure
In parallel, the layer-2 network Mantle recorded similar institutional behavior, adding 37 transactions larger than $100,000 within a brief window. Market readings provided by Santiment associate this capital inflow with the network’s strategic deployment toward real-world assets (RWA) and tokenized equities on the blockchain.
Consolidated financial data from the first half of the year management report confirms that Mantle’s internal economy surpassed historical liquidity records. The total value locked within its smart contracts exceeded $1 billion, a metric that includes $90 million allocated exclusively to decentralized finance protocols for tokenized traditional assets.
Furthermore, the market capitalization of stablecoins within the Mantle ecosystem reached an all-time high of $955 million, completing a substantial expansion compared to the previous year’s records. The platform offers technical support for 155 digitized traditional company stocks and manages an institutional treasury exceeding $1.8 billion in reserves.
Despite this robust backing in infrastructure adoption indicators, the native MNT token continued to show a direct correlation with the bearish trend of the broader cryptocurrency market. The price of MNT fell 2% daily, hovering near $0.431. Although the token experienced a net decline of 11% over the past month, weekly trading records indicated a slight recovery of 1.4% in its exchange value.
The technical outlook demonstrates that large-capital investors are positioning funds selectively. The next relevant milestone to assess the continuity of this trend will be the publication of the quarterly balance of network fees and trading volume on the integrated derivatives platforms.
