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Litecoin (LTC) Sees 60% of Supply Moved in One Go

Published 12/05/2018, 04:50 AM
Updated 12/05/2018, 06:01 AM
 Litecoin (LTC) Sees 60% of Supply Moved in One Go
LTC/USD
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Based on network statistics, Litecoin (LTC) saw an anomalous transaction of around 36 million coins, or $1.16 billion. While it is likely the result of moving coins from exchange wallets, some see the regrouping as preparation for more active times to come.

Traders have also noticed a significant movement of coins:

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

It is possible that some of the LTC are sent to exchanges, which usually hold the largest wallets. The wallet ecosystem and observed addresses are a source of panic for investors interested in crypto assets. Even though no single wallet for LTC holds more than 1.56% of the supply, a tweet from Weiss Ratings suggests a single source of the large...


This article appeared first on Cryptovest

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