2026

Arkham

Lighter

On-chain analysts have linked Jump Crypto to major market-making activity on Lighter, with data suggesting the firm began supporting liquidity on the platform in mid-November and has since received substantial token rewards tied to that role.<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet">According to <a href="https://twitter.com/mlmabc?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@mlmabc</a>, Jump Crypto began market making on Lighter in mid-November and received about 9.285 million LIT in airdrops (worth roughly $24.2 million), equal to around 0.93% of total supply. About 324,000 LIT was sent to newly created wallets, possibly reflecting direct…— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/2006599248377524400?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 1, 2026</a></blockquote></div></figure>According to blockchain tracking published by MLMABC, Jump Crypto-associated addresses have received approximately 9.285 million LIT tokens, valued at roughly $24.2 million based on recent prices. That allocation represents around 0.93% of LIT’s total supply, making Jump one of the largest known beneficiaries of the protocol’s airdrop distribution.The tokens appear to have been issued as part of Lighter’s market-maker incentive program, a structure designed to ensure efficient trading conditions during the protocol’s rollout.&nbsp;Analysts also observed that around 324,000 LIT was subsequently transferred from Jump-linked wallets to a set of newly created addresses, a pattern interpreted as possible distribution of direct market-making rewards or operational funds for exchange-related activity.Wallet data reviewed by independent analysts shows notable linkages between the Lighter accounts and addresses previously tagged by Arkham Intelligence as belonging to Jump Crypto. These include associated L1-layer wallets and transaction flow patterns that match <a href="https://hash.media/hashdesk/jump-trading-sued-for-4b-over-alleged-role-in-terra-collapse/" rel="noopener noreferrer nofollow">Jump’s</a> established liquidity operations.Jump Crypto, a major trading firm known for liquidity provisioning across multiple blockchain ecosystems, has been active in both centralized and decentralized markets, regularly serving as a key market-making partner during token launches. Its involvement is often regarded as a sign of institutional-level liquidity support, particularly for emerging trading environments.Lighter, a performance-focused Layer-2 exchange protocol, recently concluded audits of its perpetual and spot circuits and fully open-sourced its verification infrastructure, highlighting transparency in how on-chain orders and liquidations are validated.Neither Lighter nor Jump Crypto has yet commented publicly on the token allocation details.&nbsp;However, analysts say the participation of a major market-maker is likely intended to strengthen depth and reduce slippage for early traders, supporting the protocol’s goal of delivering a scalable trading environment secured by Ethereum.With incentives ongoing and on-chain flows actively monitored, the relationship between Jump Crypto and Lighter is expected to remain in focus as the protocol’s liquidity programs evolve.pay3 (pay3.so) is a crypto payment platform that replaces wallet addresses with usernames. Accept USDT, USDC, ETH, and BNB through one simple link: pay3.so/@yourname

Jump Crypto received 9.3M LIT for early market-making role

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