Justin Sun pulls $152M from Lighter and $LIT hits a new low. His response: "just rebalancing, still bullish, will redeposit soon." Every DeFi protocol that celebrates a massive single depositor is celebrating its own kill switch. When one wallet can move your TVL by double digits, you don't have a protocol. You have a counterparty. The technical term is concentration risk. The crypto term is rug, but slower. Deposit big, let the community build narratives around the TVL number, then move funds when convenient. Token holders absorb the drawdown. The whale calls it portfolio management. Lighter pitched itself as the Hyperliquid killer. Turns out the thing that killed it was trusting that one whale's capital equals organic adoption.