Institution: Moves $7.8M LIT From CEX to Lighter

Institution withdrew 3.35M LIT (~$7.83M) from OKX and Bitstamp over the past week before depositing the tokens into Lighter at address 0x24B12457d3a68ECa9Daca48F0628276592bEbCDD.

LIT trades at $0.74 below both the EMA50 at $0.77 and EMA200 at $0.79, confirming the bearish trend structure while the MACD death cross at -0.03 keeps downside pressure intact; with price still inside the Bollinger bands, the upper band at $0.81 acts as immediate resistance and the lower band at $0.69 as short-term support, suggesting any bounce attempt will likely stall before testing the 50-EMA confluence zone.