Sun Yuchen: Still holds all purchased LIT and is optimistic about Lighter in the long term

Sun Yuchen posted on X: "We still hold all the LIT we purchased and are optimistic about Lighter in the long term. We are rebalancing our wallet and will soon re-deposit into LLP."

Earlier today, on-chain monitoring showed that Sun Yuchen's related address withdrew 40.76 million USDC from Lighter LLP, and then withdrew all of his USDC balance on Lighter, including the USDC he previously deposited into LLP (which was withdrawn once in early February), with a total amount of approximately 152 million USDC, accounting for about 17%-18% of the total USDC balance on the Lighter platform.