Litecoin Whale Addresses Sink to 2022 Lows as Grayscale Files LTC ETF
TLDR:LTC addresses holding $1M-$10M and above $10M have dropped to 2022 cycle-bottom levels.Analyst Joao Wedson says the contraction resembles past periods of market stress. Grayscale filed an S-3/A to convert its Litecoin Trust into a listed ETF product.Shares would trade as the Grayscale Litecoin Trust ETF on NYSE Arca under $LTCN. Litecoin whale addresses holding between $1 million and $10 million, along with those above $10 million, have dropped to levels not seen since the 2022 cycle bottom, according to on-chain analyst Joao Wedson. The decline signals reduced large-holder participation during the current market phase. LTC trades at $53.58, up 0.18% over the past day. Separately, Grayscale has moved to convert its Litecoin Trust into a listed ETF product. Whale Holdings Retreat to Cycle-Low Levels On-chain data shared by analyst Joao Wedson shows a marked contraction in Litecoin whale addresses. Wallets holding between $1 million and $10 million in LTC have thinned out considerably. The same trend applies to addresses holding more than $10 million in value. These figures now sit close to where they stood during the 2022 market bottom. Wedson noted in a post on X that this pattern has appeared before during periods of market stress. Deep resets in previous cycles carried









