Jump Crypto recebe mais de US$ 24 milhões da Lighter para impulsionar atividades de market-making
O braço cripto do gigante Jump Trading acaba de garantir um aporte massivo para expandir sua atuação nos mercados digitais.
Fundo estratégico
A Lighter, conhecida por investimentos focados em infraestrutura de trading, direcionou mais de US$ 24 milhões para turbinar as operações de market-making da Jump Crypto. O movimento sinaliza confiança institucional em um dos players mais estabelecidos do setor – aqueles que garantem liquidez quando os traders comuns fogem.
Liquidez sob demanda
Esse capital fresco permite que a Jump amplie suas cotações e profundidade de mercado em mais pares e exchanges. Em um ecossistema onde a liquidez ainda é um luxo, ter um market-maker bem capitalizado atuando é como ter um FSA (Fornecedor de Serviços de Ativos) para criptomoedas – tira a pressão dos ombros das plataformas e atrai grandes players.
O jogo da confiança
No fim das contas, trata-se de um ciclo virtuoso (ou um acordo entre gigantes, dependendo do seu cinismo). A injeção de capital fortalece a Jump, que oferece melhores condições de trading, o que atrai mais volume... e justifica o investimento inicial. Um lembrete sutil de que, mesmo na descentralização, o dinheiro tradicional ainda dita quem tem voz ativa nos corredores da finança digital.
Is the Lighter airdrop going to insiders?
The Lighter airdrop arrived after months of point farming. On-chain data shows the airdrop allocations are concentrated at the top, distributed among the most active wallets. Trading on the exchange was heavily incentivized, and whales could easily afford to farm points.
On-chain researchers noticed clusters of wallets that ended up with significant allocations. One cluster was traced to a total of $26M in LIT tokens following the airdrop.
This entity deposited ~$5M USDC into LLP around 9 months ago, split across 5 wallets, and received 9,999,999.60 LIT from the airdrop (~$26M) – a perfectly round number. This excludes LLP yield, which adds another $1–2M in returns.
This represents 1% of total supply and ~4% of… pic.twitter.com/tOjlubo1YU
— MLM (@mlmabc) December 31, 2025
Another batch of wallets was also connected to Jump Crypto, receiving over $24M in LIT tokens. The allocation was based on market maker activity from early November onward.
Jump Crypto received market maker allocation and fees
According to wallet allocations, Jump Crypto received 323,956 LIT, which was awarded as a fee for market making activities.
Before that, the market maker received 9,284,890 LIT as liquidity for its activities, or 0.93% of the total supply, or 3.72% of the circulating supply.
Using market makers on new exchanges has been a normal practice for crypto projects. Yet the inclusion of large-scale whales sets questions on the ability of LIT to survive early price discovery. Previously, Jump Crypto has also been active on Hyperliquid, becoming a large-scale holder of HYPE tokens.
Will the LIT token recover its rising trend?
LIT set out to become a revenue-sharing token, modeled after HYPE. After its launch, LIT peaked at $2.82. Since then, LIT started to slide, and is down to the $2.50 range.
LIT has a smaller community allocation compared to HYPE, and even the community tokens are taken into whale wallets or sniped by potential insiders.
In the early stages, LIT also fell to panic-selling, with fears it may repeat the fate of XPL and continue losing to new all-time lows. LIT still has limited derivative open interest, and only five whales are making bets on Hyperliquid.
Two of the Hyperliquid whales hold unrealized gains from shorting the token, while three are still holding long positions, signaling confidence in a price recovery.
Lighter has also hinted at a potential Coinbase listing, which would change the liquidity profile of the token. Now, Lighter has to show it can sustain its real demand and activity following the point farming season and initial token-listing hype.
Based on DeFiLlama data, Lighter fees have slowed down in December, from $1.39M daily down to $139K, a 90% shrinking of activity. The perpetual futures DEX recently passed Aster in daily volume, but is yet to prove its sustainability beyond the effect of whales and market makers.
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