Litecoin Foundation Director Franklin Richards said that more than half of the 63 million LTC issued are inon wallets without movement for more than a year.
According to Richards, LTC accumulation in walletsThe “whale” was held from November to December 2018. Since then, more than 40 million LTCs have been idle. Richards believes that the “whales” bought LTC at a low price and are now waiting for the cryptocurrency rate to take off in order to make a profit.
Of the 100 largest wallets storing LTC, 45They received coins precisely from November to December 2018, when the Litecoin rate was about $ 23. Currently, the value of cryptocurrency reaches $ 50.
“We know that at least 12 million LTCs lie onCoinbase exchange wallet and belong to its users. As for other major services or exchanges, we do not know their addresses. 15 million LTCs have been idle for more than two years, and since the beginning of 2017, 4 million coins have not moved, ”Richards said.
As recently reported by intotheblock service, 128 addresses store 47% of issued Litecoin coins. By comparison, 39 Bitcoin wallets store 11.1% of issued BTCs.
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