Whales Flood Altcoin Networks Amid Strategic Shift

Whales have been making significant moves in two altcoins, Lighter's LIT token and Mantle's MNT network. According to on-chain data from Santiment, whales made their biggest move in six months within these networks, capturing market attention following a period of price volatility across altcoins.

The surge in high-volume transactions has exposed a notable shift in whale behavior. In the case of Lighter's LIT token, Santiment counted 86 individual transfers that crossed the $100,000 threshold, a financial behavior not witnessed since the beginning of the year. This phenomenon accompanied an appreciation in the price of the LIT token, which climbed more than 20% on Monday to hit the $2.6 mark.

Market readings provided by Santiment associate this capital inflow with the network's strategic deployment toward real-world assets (RWA) and tokenized equities on the blockchain. The layer-2 network Mantle recorded similar institutional behavior, adding 37 transactions larger than $100,000 within a brief window.