Crypto Whale Nyerok 2.75 Million Litecoin

Litecoin, one of the crypto assets that attracts whales. (Photo; Doc. BTC Echo)

JAKARTA - A number of crypto wallet addresses related to the Litecoin whale have recorded the largest daily inflow since last February. In this cycle re-accumulation phase, the Litecoin whale continues to increase their collection, showing significant activity in this crypto market.

Data from IntoTheBlock reveals that Litecoin's biggest investor has raised more than 2.75 million Litecoins in the last 30 days. This shows significant accumulation activity among large investors.

In a thread on X, IntoTheBlock said that the address associated with the Litecoin whale recorded the daily largest inflow since early February this month. On May 10, the whale moved more than 900,000 LTC worth about US$74.7 million (around Rp1.12 trillion) into their wallet.

With whales already storing 2,751,633 LTC in their wallets, these market participants have added more than $228 million in their LTC collection at current prices. However, this ongoing accumulation has little impact on LTC price movements.

These crypto assets remain in the range of 80 US dollars to 86 US dollars (approximately Rp1.2 million to Rp1.29 million) in the past month, even down to 76 US dollars (approximately Rp1.14 million) on one occasion. At the time of writing, data from CoinMarketCap shows LTC is worth 83.36 US dollars (approximately Rp1.25 million), with little changes in the last 24 hours and 30 days.

Since December 2023, the number of active addresses in Litecoin has reached a new record high, exceeding 1.4 million. The increase in active addresses also boosted the number of Litecoin wallets with balances reaching new highs.

Selain itu, Litecoin telah melihat perkembangan signifikan dengan peluncuran standar token LTC-20, yang dibangun di atas Protocol Ordinarys jaringan. Standard token ini membawa inovasi baru dan memperluas penggunaan jaringan Litecoin, memberikan peluang baru bagi pengembang dan penggunaan.