An institution received an airdrop of $26 million worth of LIT and has already begun large-scale selling. In just a short period, they have sold $7.18 million worth of LIT tokens, accounting for 27.6% of their total received tokens.

What does this mean? To put it simply, nearly $7.3 million in sell pressure has already entered the market. If the airdrop recipients continue to reduce their holdings at this pace, even larger selling pressure will be released in the future.

From a technical perspective, such large-scale airdrops being quickly liquidated often exert downward pressure on the token price. In the short term, LIT may face significant correction pressure, and investors should closely monitor subsequent selling activity.