LIT's current FDV quote is $2.41 billion, and market enthusiasm has clearly cooled down. Interestingly, investors' long-term expectations for this project are also shrinking — the probability of FDV breaking through the $4 billion mark has dropped from 23% to 7%. This shift reflects subtle changes in market sentiment.

From a holdings perspective, the leading whale Nijntje currently holds LIT-related positions worth $327,000. Although this position size isn't huge, its movements at critical stages often reflect major investors' market outlook. The downward revision of valuation expectations combined with whale holding data may suggest that the market is re-pricing the fundamentals of this crypto asset.