Whales have become active: Lighter and Mantle have updated six-month highs for large transactions.
The altcoin market has once again attracted the attention of major players. Two projects — Lighter (LIT) and Mantle (MNT) — have recorded a surge in whale activity, the highest in the last six months. On-chain data indicates a significant increase in the number of transactions exceeding $100,000, which, against the backdrop of price volatility, suggests a reassessment of strategies by large holders.
Lighter: Tokenomics Update Sparks Interest
According to on-chain analytics, 86 large transactions were recorded for the LIT token — the highest figure since the beginning of the year. This surge coincided with dynamic price growth: on Monday, the LIT rate soared by more than 20%, reaching $2.6 — a high since January. The weekly increase amounted to about 37.9%.
The reason for the heightened attention is not just market conditions. Last month, the project implemented a radical update to its tokenomics: it introduced a burning mechanism that reduces the total supply of LIT and set a staking yield of 6% per annum from a pool of 250 million LIT. Such steps always attract interest from whales seeking long-term value drivers. It is the update of the token's economy, along with buyback mechanics and new partnerships, that has become the catalyst for the current rally.
Mantle: Betting on Tokenized Assets
The Mantle ecosystem is not far behind. On-chain services recorded 37 transactions with MNT exceeding $100,000 — also a six-month high. Here, the driving force is the real-world assets (RWA) segment.
According to the team's report for the first half of the year, the Mantle ecosystem reached historical highs: the total value locked (TVL) in DeFi exceeded $1 billion, of which $90 million came from RWA solutions. The stablecoin market cap set a new record, reaching $955 million with an annual growth of 120%. The network now supports 155 tokenized stocks and has a treasury of over $1.8 billion.
Whales, apparently, are reacting precisely to this trend: tokenized securities and deposit products are becoming the foundation of Mantle's on-chain economy. Capital is starting to work in a new capacity.
However, the price of the MNT token itself is still moving in line with the market: a daily decline of 2% (to $0.431), a monthly drop of 11%, although a slight weekly increase of 1.4% was recorded.
My analysis: The current whale activity is not a speculative spike but a signal of structural interest in projects with a clear economic model. Lighter is betting on deflation and staking, while Mantle is focusing on the institutional RWA segment. If the macro environment remains stable, we could see a consolidation of these trends in the medium term. But it's worth remembering: whales often act ahead of the curve, and retail investors should carefully monitor volumes, not just price.