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Litecoin Sees Largest Daily Whale Transaction Volume in 2022: Details

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Wed, 04/06/2022 - 13:15
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Yuri Molchan
Litecoin whales have stirred, pushing daily volume of LTC transactions to a new major high
Litecoin Sees Largest Daily Whale Transaction Volume in 2022: Details
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Santiment on-chain data aggregator has reported that Litecoin has made great progress regarding the daily amount of transferred LTC as whales seem to have increased their activity.

Daily LTC transaction volume soars

As per a recent Santiment tweet, Litecoin has seen a massive rise in the daily whale transaction volume.

The amount of LTC shoveled by whales has surpassed $100,000—that is 4,458 transactions within one day—April 4, according to the chart shared by the company's analytical team.

The tweet stresses that such an upsurge in daily transaction volume indicates a mid-term direction shift.

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Shiba Inu Set to Roll Out Four Major Projects in Coming Days; Here's What's New

LTC MimbeWimble set to go live

Earlier this year, the Litecoin Foundation announced that its highly anticipated upgrade MimbleWimble went live as a "release candidate."

If it gets sufficient support from Litecoin nodes, the upgrade will be added to Litecoin's codebase in Litecoin Core 0.21.2 software.

LTC price action

At the time of writing, digital silver is trading at $119.06 per coin, showing a 5.86% price drop over the past 24 hours.

The first Bitcoin spring-off has lost over 11% over the past week—since March 31—dropping from $134.14 to the current price level under $120.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.