Lighter and Mantle Hit Six-Month Highs in Whale Transactions Amid Rising Altcoin Volatility

Lighter (LIT) and Mantle (MNT) have recorded a sharp increase in whale activity, reaching their highest levels of large-holder transactions in six months as volatility returns to the broader altcoin market, according to data from crypto analytics platform Santiment.

Lighter led the recent surge, recording 86 transactions valued at more than $100,000. The increase in high-value transfers comes as the project continues to draw attention around its perpetual DEX ecosystem, alongside updates to its token model, mechanisms designed to reduce supply through token repurchases and burns, staking-related incentives, and recent partnership developments.

Mantle also experienced a rise in large transactions, with 37 whale transfers exceeding the $100,000 threshold. The movement coincides with growing activity around the network’s expansion into tokenized assets, including initiatives involving tokenized equity products, early-stage investment vaults linked to pre-IPO opportunities, and efforts to broaden the network’s overall ecosystem utility.

The latest data shows increased participation by major holders in both LIT and MNT as investors track developments across the altcoin sector amid heightened market volatility.

Source: Santiment