2026-01-11 11:25:57

A few days ago, I was browsing a block explorer and casually checked the distribution of LISTA holdings, and I noticed an interesting phenomenon.

Retail investors are gradually selling off, but the large addresses from earlier are actually continuing to buy. After observing on-chain activity for a month, these big players' logic is very consistent: buy in → transfer to wallet → directly lock up. They’re not hoarding for appreciation, but heading straight to the DAO governance page.

The total locked veLISTA continues to rise, and this is no coincidence. These people simply don’t care about the current price fluctuations; what they want is influence. Controlling voting rights is equivalent to controlling the distribution of lisUSD liquidity. From a broader perspective, this is about pre-positioning for future ecosystem development and maximizing returns.

In simple terms, smart money is employing a long-term strategic game. When you panic at a few percentage drops, they’ve already seen the bigger picture.

This phenomenon is becoming more common in the DAO ecosystem. Whales accumulate governance power to expand influence, then guide protocol decisions at critical moments. For retail investors, sometimes following large on-chain flows can help avoid some risks. At the very least, it can help prevent unnecessary detours.

LISTA-2,94%

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SerumSquirrel

· 8h ago

Wow, this is why big players never panic, and we're still bottom-fishing... On-chain data really doesn't lie.

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BlockDetective

· 8h ago

If I had known earlier that smart money was accumulating, I wouldn't have listened to those bearish voices.

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ETHReserveBank

· 8h ago

This is the information gap. Large investors have long seen through the value of governance rights, while retail investors are still staring at the K-line and smashing their phones.

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AlwaysQuestioning

· 8h ago

Wow, no wonder I see big players locking their positions while I'm still debating the coin price...

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PonziWhisperer

· 8h ago

Oh wow, this is the joy of watching the drama on the chain. Big players are really playing a high-stakes game.

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ApeWithNoFear

· 8h ago

Wow, this is exactly what I've been watching. Big players are playing the governance game, while retail investors are still struggling with short-term ups and downs. The gap is really huge.

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DefiPlaybook

· 8h ago

Well, that's why I always say that looking at the chain is more reliable than looking at K-line charts. Large holders lock up their positions to gain governance rights, while retail investors are still worried about the price dropping a few points. The gap is really not just a little or two. By the way, who holds the liquidity allocation rights for lisUSD? The future profit model has already been decided.

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