Jump Crypto Receives $24M+ in Lighter Airdrop Amid Whale Dominance Concerns

Jump crypto has secured over $24 million in LIT tokens from the Lighter airdrop, raising questions about equitable distribution. The market maker's allocation reflects its large-scale activity, but on-chain data reveals a concentration of tokens among whale wallets.

The airdrop allocated 25% of tokens to the community with immediate unlocks, while team and other allocations remained vested. However, clusters of wallets linked to farming groups suggest systemic advantages for well-capitalized participants. One entity deposited $5M USDC across five wallets nine months prior, receiving nearly 10M LIT ($26M) – a suspiciously round number representing 1% of total supply.

Trading incentives disproportionately benefited whales capable of intensive point farming. Researchers identified wallet clusters receiving outsized allocations, with one group capturing $26M worth of tokens excluding yield returns. The pattern echoes broader concerns about airdrops increasingly serving insiders rather than decentralizing ownership.