The largest holder of LIT tokens, identified as address 0xdaa, has strategically placed profit-taking orders in a reverse pyramid pattern, ranging from $4.12 to $6. This address has maintained a 3x long position since the LIT pre-trade contract launched on December 24, with a current position size of approximately $3.12 million at an average entry price of $3.82. Market sentiment remains optimistic, as Polymarket data reveals a 30% probability that Lighter's fully diluted valuation (FDV) will surpass $40 billion within a day of its listing. This increase in odds reflects growing confidence in LIT's market potential.