LTC Whale Buys $59M Litecoin Before Halving
- Litecoin whales have successfully accumulated over 600,000 LTC tokens.
- The total count of holders has reached a significant milestone of 8.85 million.
The crypto market has experienced massive growth with exciting developments and events. However, one topic has taken over the headlines recently. The upcoming Litecoin Halving is the most anticipated event among the crypto community. Moreover, the massive hype around the event has resulted in Litecoin (LTC) reaching new milestones.
Recently, Litecoin whale activity has experienced a significant increase. With the Litcoin Halving event around the corner, the whales are continuously accumulating LTC. The data reveals that the whales have successfully accumulated over 600,000 LTC tokens worth around $59 million over the past 48 hours.
Santiment, the analytics platform for cryptocurrencies, has revealed that there has been a remarkable surge in Litecoin whale activity over the past few weeks. Recently, there has been a consistent recording of whale transactions over $100,000, with a daily frequency ranging between 100 and 200.
The data clearly shows that the whale’s accumulation of more than $1 million has experienced a remarkable surge. At the time of writing, around 52 whales had made transactions worth over $1 million in the last 24 hours.
Litecoin Holders on the Rise
According to the report, there was a remarkable surge in the number of holders as well. The total count of holders has reached a significant milestone of 8.85 million. Comparing that to May, the total number of holders was around the 7 million mark.
At the time of writing, the trading price of Litecoin is $93.33, with a modest uptick of around 0.29% in the last 24 hours. The trading volume of LTC has experienced a decline of 4.69%, according to CoinMarketCap.
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Read more: https://thenewscrypto.com/ltc-whale-buys-59m-litecoin-before-halving/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
