According to ChainCatcher, citing on-chain monitoring platform Lookonchain, a whale wallet executed an abnormal swap that exchanged 1,126.44 ETH, worth about $2.01 million, for 5,776 LIT valued at only around $14,000. Based on the disclosed figures, the transaction resulted in a paper loss close to $2 million. Lookonchain said the execution price deviated sharply from the token’s market value, pointing to an extreme slippage event on-chain. The trade stands out because of the unusually large mismatch between the input asset value and the output received, making it a notable whale-movement alert in the market.
ChainCatcher reported, citing on-chain tracker Lookonchain, that a whale wallet carried out an abnormal swap transaction, exchanging 1,126.44 ETH, worth about $2.01 million, for 5,776 LIT.
Based on the values disclosed by the tracker, the LIT received was worth only around $14,000, implying a paper loss of nearly $2 million. Lookonchain said the execution price showed an extreme deviation from prevailing market value, resulting in a massive slippage loss.
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