Justin Sun, founder of Tron, has shifted $5.4 million worth of LIT tokens from spot holdings to perpetual contracts, sparking market speculation. This move is seen as a strategic hedge rather than a full exit, as Sun continues to hold significant LIT assets. Previously, Sun had invested approximately $200 million into Lighter’s LLP, withdrawing $38 million and acquiring 13.25 million LIT tokens. Market analysts are closely watching the impact of Sun's actions, noting that LIT has lost its $2.63 support level, which could lead to further declines if not reclaimed. Polymarket data suggests an 86% probability of LIT reaching $2 and a 68% chance of hitting $1.5, reflecting market sentiment post-airdrop. Observers are keen to see if the $2 level holds or if further market adjustments are necessary.