Litecoin (LTC) sees 60% of the supply moved at one time from Cryptovest

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Litecoin (LTC) sees 60% of the supply moved in one step

Based on network statistics, (LTC) saw an anomalous transaction of about 36 million coins, or $ 1.16 billion. While it is likely that the result of moving coins from exchange portfolios, some see the grouping as a preparation for the most active times to come.

Traders also noticed a significant coin movement:

https://twitter.com/LTCWhaleWatcher/status/1070060187526950912

Some LTCs may be sent to exchanges, which usually contain larger portfolios. The portfolio ecosystem and the addresses observed are a source of panic for investors interested in cryptographic resources. Although no single portfolio for LTC holds more than 1.56% of the supply, a tweet from Weiss Ratings suggests a unique source of great …

This article appeared for the first time on Cryptovest

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