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As the reaccumulation phase of this cycle stretches on, Litecoin whales have tapped into the spree, refusing to be left out.The tweet by IntoTheBlock disclosed that addresses linked to Litecoin whales recorded their largest daily inflow since February earlier this month. On May 10, the whales moved over 900,000 LTC worth approximately $74.7 million into their wallets.
With whales having deposited 2,751,633 LTC in their wallets, the market participants have topped their collective LTC stash by more than $228 million at current prices. Nevertheless, the ongoing accumulation spree has had little to no impact on LTC’s price movements. The crypto asset has hovered within the $80 to $86 range in the past month, even plunging to $76 on one occasion.
In addition, Litecoin has seen significant development with the launch of the LTC-20 token standard, built on top of the network’s Ordinals Protocol.Bitcoin to Become Twice as Rare as Gold After the Halving: BybitWhat is BounceBit: Liquid Restaking on BitcoinSign-up FREE to receive our extended weekly market update and coin analysis report
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