BlockBeats report, June 15: According to Santiment data monitoring, the number of "whale and shark" addresses holding at least 10,000 LTC has increased by approximately 7% over the past five months, showing a consistent accumulation trend. Despite relatively flat price movements, large holders continue to steadily increase their positions.
Historically, sustained accumulation by large addresses often precedes broader market trends, as whales and sharks typically position themselves before a full market rally. If a price increase occurs in the future, this holding strength could serve as a key support and help rapidly revive previously declining on-chain transaction activity.
Meanwhile, market interest in LTC has recently intensified, primarily driven by the LitVM narrative. The project introduces smart contract functionality to Litecoin through a zkLTC wrapper solution, sparking discussions about its potential to generate new demand and use cases for LTC, and becoming one of the key factors behind the current rise in social media热度.