[ad_1]
A new whale Litecoin has recently moved about 60% of the capitalization of the coin market in just 24 hours. Last week, almost out of nowhere, the whale has shifted over 35 million Litecoin, which represents 60% of the total coin market, which has been moved from one address. However, global trading does not seem to be the reason behind the transactions
Litecoin.com tweeted first the news you can see below. This was then rewired by the creator of Litecoin, Charlie Lee.
Litecoin's new whale – $ 1.1 billion traded on the Litecoin Network in a single day.#ltc #litecoin #btc #bitcoin #cryptocurrency #Crypto #blockchain
? ️ https://t.co/thAEPr7CuN pic.twitter.com/w3UTNbNPPE
– Litecoin.com (@LitecoinDotCom) 3 December 2018
The Litecoin whale could have added 40 new portfolios to Litecoin's top 100 lists. All portfolios have around 300,000 Litecoin each. Last week's transactions are now recorded to be the biggest since February, when over $ 1 billion has been moved.
This news comes during the early stages of the cryptocurrency market that begin to fall and when the panic began to set, leaving the price of coins that slowly crashes from their highs.
Since then, the network has moved about $ 100 million on a daily basis despite falling prices, which means that there may be fundamentally strong activities that drive the use of money. The activity could come from the adoption of Litecoin rather than from speculation on its price.
No one yet knows who this whale is, but it is worth remembering that the individual now owns 15% of Litecoin's entire supply. This could alleviate the sales pressure that drops Litecoin's price.
What are your thoughts? Let us know what you think in the comments below!
[ad_2]Source link
