Lighter and Lumentum see market gains amid increased trading activity

Lighter (LIT) has seen a price increase of approximately 9%, reaching a three-week high of $2.40. This upward movement is supported by significant whale activity, with one Ethereum investor spending $9.1 million to accumulate 3.91 million LIT over the last two months. Increased derivatives volume and rising on-chain activity, including a rise in active addresses from 8.9k to 13.2k, further signal growing market participation.

Separately, Lumentum Holdings Inc. (NASDAQ: LITE) shares rose 6.2% to a recent trading level near $890. The technology company reported quarterly earnings per share of $2.37, exceeding the consensus estimate of $2.27. While revenue of $808.40 million was slightly below estimates, it represents a 90.1% increase compared to the same quarter last year. Analyst sentiment remains varied, with a consensus price target of $1,012.67 and several institutions, including Rosenblatt Securities and Mizuho, issuing positive price targets.