{"id":628017,"date":"2026-08-25T19:00:53","date_gmt":"2026-08-25T23:00:53","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=628017"},"modified":"2026-08-25T06:52:50","modified_gmt":"2026-08-25T10:52:50","slug":"lighter-rejects-3-79-can-this-absorb-cumberlands-6-94m-lit-transfer","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/lighter-rejects-3-79-can-this-absorb-cumberlands-6-94m-lit-transfer\/","title":{"rendered":"Lighter rejects $3.79 \u2013 Can THIS absorb Cumberland\u2019s $6.94M LIT transfer?"},"content":{"rendered":"<p>Lighter faced rejection at $3.79 and dropped to $3.2. This marked a major pullback after five consecutive daily closes at higher highs.<\/p>\n<p>As of this writing, Lighter traded at $3.4 after sliding 4.5% on the daily chart. Its Trading Volume also dropped 24% to $122 million, suggesting reduced market activity.<\/p>\n<h2>Did Cumberland\u2019s LIT transfer increase selling pressure?<\/h2>\n<p>It seemed that <a href=\"https:\/\/ambcrypto.com\/predictions\/lighter-price-prediction\/\" target=\"_blank\" rel=\"noopener\">Lighter [LIT]<\/a> retraced amid potential selling pressure from major market participants.<\/p>\n<p><a href=\"https:\/\/x.com\/OnchainLens\/status\/2092045520743329832?s=20\" target=\"_blank\" rel=\"noopener\">Onchain Lens reported that Cumberland<\/a> had recently sold LIT on behalf of its clients.<\/p>\n<p>Cumberland deposited 2 million LIT worth $6.94 million to OKX and Bybit through four 500,000-token transfers. Large transfers from liquidity providers such as Cumberland can attract market attention. They may also increase potential selling pressure.<\/p>\n<p>Such transactions could contribute to short-term price declines if the deposited tokens enter the market.<\/p>\n<h2>Is LIT demand absorbing the selling pressure?<\/h2>\n<p><span style=\"font-weight: 400;\">Interestingly, although Cumberland is selling, other market players are buying. And it seems the pullback has created another buying opportunity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, exchange activity also echoes this spot buying activity. According to Coinglass data, Lighter saw $23 million in Spot Outflow compared to $21.93 million in inflows.<\/span><\/p>\n<figure id=\"attachment_628039\" aria-describedby=\"caption-attachment-628039\" style=\"width: 861px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/lighter-spot.jpeg\"><img decoding=\"async\" class=\"wp-image-628039 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/lighter-spot.jpeg\" alt=\"Lighter spot netflow\" width=\"861\" height=\"486\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/lighter-spot.jpeg 861w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/lighter-spot-300x169.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/lighter-spot-768x434.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/lighter-spot-640x360.jpeg 640w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/lighter-spot-320x180.jpeg 320w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/lighter-spot-160x90.jpeg 160w\" sizes=\"(max-width: 861px) 100vw, 861px\" \/><\/a><figcaption id=\"caption-attachment-628039\" class=\"wp-caption-text\">Source: CoinGlass<\/figcaption><\/figure>\n<p>As a result, Spot Netflow fell 755% to negative $1.07 million. A negative Spot Netflow indicated that more LIT left exchanges than entered them. That flow could signal accumulation if traders moved the tokens into private wallets.<\/p>\n<p>Buying during a dip can absorb selling pressure and strengthen demand. That could create room for a potential recovery.<\/p>\n<h2>Onchain activity on the rise too<\/h2>\n<p>Lighter\u2019s on-chain activity also increased significantly.<\/p>\n<p>According to DeFiLlama, Lighter\u2019s Active Addresses climbed to a monthly high of 17,600. New Addresses rose to 743. The rising Address count suggested increased network usage and adoption.<\/p>\n<figure id=\"attachment_628038\" aria-describedby=\"caption-attachment-628038\" style=\"width: 983px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/LIT-onchain-activity.jpeg\"><img decoding=\"async\" class=\"wp-image-628038 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/LIT-onchain-activity.jpeg\" alt=\"Lighter onchain activty\" width=\"983\" height=\"559\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/LIT-onchain-activity.jpeg 983w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/LIT-onchain-activity-300x171.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/LIT-onchain-activity-768x437.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/LIT-onchain-activity-160x90.jpeg 160w\" sizes=\"(max-width: 983px) 100vw, 983px\" \/><\/a><figcaption id=\"caption-attachment-628038\" class=\"wp-caption-text\">Source: DeFiLlama<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The rising user base also brought about increased capital inflow into the network. Over the past 24 hours, the altcoin saw $20 million in USD Inflows, a clear sign of strong network activity.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What&#8217;s next?<\/span><\/h2>\n<p>Although we have seen Cumberland sell LIT, the market demand remains steady. As a result, the altcoin&#8217;s bullish structure remains intact.<\/p>\n<p>Lighter\u2019s Stochastic Momentum Index (SMI) remained in the bullish zone near 64.<\/p>\n<p>The SMI was falling while its signal line was rising. However, the indicators had yet to form a bearish crossover. That suggested buyers still maintained control of the market.<\/p>\n<figure id=\"attachment_628037\" aria-describedby=\"caption-attachment-628037\" style=\"width: 1374px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/LIT-SMI.jpeg\"><img decoding=\"async\" class=\"wp-image-628037 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/LIT-SMI.jpeg\" alt=\"LIT SMI &amp; ADX\" width=\"1374\" height=\"706\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/LIT-SMI.jpeg 1374w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/LIT-SMI-300x154.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/LIT-SMI-1024x526.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/LIT-SMI-768x395.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/08\/LIT-SMI-1200x617.jpeg 1200w\" sizes=\"(max-width: 1374px) 100vw, 1374px\" \/><\/a><figcaption id=\"caption-attachment-628037\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>The ADX DI with SMA indicator further confirms the above view. Therefore, if demand holds, the altcoin&#8217;s recent pullback will be short lived, thus\u00a0 the altcoin will flip $3.7 and target $4.<\/p>\n<p>However, if the selling activity from major players such as Cumberland continues, LIT will retest $3.1 support level.<\/p>\n<hr \/>\n<h2>Final Summary<\/h2>\n<ul>\n<li data-start=\"4125\" data-end=\"4199\"><em>Cumberland deposited 2 million LIT worth $6.94 million to OKX and Bybit.<\/em><\/li>\n<li data-start=\"4200\" data-end=\"4343\"><em>LIT\u2019s bullish structure remained supported by Spot demand and rising on-chain activity.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Cumberland deposited 2 million LIT worth $6.94 million. <\/p>\n","protected":false},"author":94,"featured_media":628045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,4,20],"tags":[6427],"class_list":["post-628017","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lighter rejects $3.79 \u2013 Can THIS absorb Cumberland\u2019s $6.94M LIT transfer? 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