Justin Sun buys $33M in LIT, now holds 5.32% of circulating supply

Tron founder Justin Sun has purchased 13.25 million LIT for $33 million, according to on-chain analyst MLM. The funds were part of a $38 million withdrawal from a $200 million deposit Sun had made in Lighter, a decentralized perpetual futures exchange. This latest acquisition brings his holdings to approximately 5.32% of LIT's circulating supply and 1.33% of its total supply. The analyst also noted that Sun previously bought 1.66 million LIT with 5.2 million USDC late last year. According to CoinMarketCap, LIT is currently trading at $2.58, down 5.72%.