Crypto Sharks Have Accumulated Over $108,000,000 in Litecoin in Six Months As LTC Inches Toward $100: Santiment

According to Santiment, Litecoin (LTC) is on the rise with significant support from shark addresses that have amassed $108 million worth of tokens in just a few months.

Crypto Analysis Company Santiment To tell The shark address has been aggressively accumulating tokens since July 2022, pushing it towards $100.

Litecoin has seen an 89% increase in price since falling below $50 on November 9. Sources for the coins surge over 11 years ago included addresses holding between 100 and 10,000 LTC. , adding 1.15 million coins in the last 6 months, an increase of 4.92%.

Litecoin is worth $92.94 at the time of writing.

Santimento too appear Whale trading activity has increased for Curve (CRV), the governance token of decentralized exchange Curve Finance. An increase in whale activity is a potentially bullish signal.

“Curve’s circulating supply remains relatively stable and whale trade has surged recently, indicating increased engagement among large holders, while small and medium holders have stagnated. stay.

CRV is worth $1.02 at the time of writing.

finally santimento To tell Bitcoin (BTC) has recorded its largest profit-to-loss transaction ratio since almost two years ago as the price hit $23,920, signaling a fall in value. Santiment says that if loss trades start to increase, it will indicate that the price will recover soon.

Among several warning signs that yesterdays cryptocurrency prices will be cut today included Bitcoins highest profit/loss trade ratio since February 17, 2021. If they stack up now, the price is likely to rebound soon.

Bitcoin is trading at $22,923 at the time of writing.

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