The altcoin market has once again attracted the attention of "whales." According to my data, a sharp surge in large transactions with Lighter (LIT) and Mantle (MNT) tokens has been recorded. The indicators have reached their highest levels in the last six months, indicating a renewed interest from institutional and large private investors in these assets amid volatility.
Lighter (LIT): Tokenomics stimulates whales
Analysis of on-chain activity on the Lighter network demonstrates impressive dynamics. 86 transactions with LIT, each exceeding $100,000, have been recorded. This is an absolute record in six months. The surge coincided with a powerful rally of the token itself: over the week, LIT rose by approximately 37.9%, reaching the $2.6 mark — a high since January.
The driver of this interest, in my opinion, was the recent update to the project's tokenomics. The team implemented a burn mechanism that directly reduces the total supply of LIT. Additionally, staking conditions were improved with a fixed yield of 6% per annum from a pool of 250 million tokens. This creates a strong fundamental incentive for long-term holding of the asset, which attracted large players.
Mantle (MNT): Betting on Real World Assets (RWA)
The Mantle network also shows increased whale activity. On-chain indicators show 37 large transactions with MNT, each exceeding $100,000. This is also a six-month high.
The reason is the rapid growth of the tokenized real-world assets (RWA) segment in the Mantle ecosystem. According to the project's latest report, the total value locked (TVL) in the DeFi segment has exceeded a record $1 billion. Of this, $90 million came specifically from RWA solutions. The capitalization of stablecoins on the network also updated its historical high, reaching $955 million (120% annual growth). The network currently supports 155 tokenized stocks and manages a treasury exceeding $1.8 billion.
Despite the positive fundamental indicators, the price of the MNT token itself has not yet shown similar growth. Over the past day, it corrected by 2% to $0.431, although it shows a slight increase of 1.4% over the week.
My conclusion: The activation of whales in Lighter and Mantle is a clear signal of capital flowing into projects with strong fundamental updates and real use cases. LIT benefits from a deflationary model, while MNT benefits from expansion in the RWA sector. However, investors should remember that the short-term price dynamics of MNT still heavily depend on the overall market sentiment, and a breakout above current levels will require an additional catalyst.