Sep 12, 2025
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Litecoin Surges as Whales Acquire 181,000 LTC
Litecoin has experienced a price increase, influenced by significant buying from whales.
Key Developments
- Whales have added 181,000 LTC to their wallets, equating to $20.7 million.
- The surge follows Grayscale's filing of form S-3 with the SEC for a Litecoin ETF, potentially allowing investors to buy LTC-backed shares without directly owning the cryptocurrency.
- Mei Pharma rebranded as Lite Strategy, Inc., emphasizing its commitment to using Litecoin as a primary reserve asset, backed by a $100 million investment in LTC.
LTC Price
- Litecoin is trading around $114, marking a more than 4% increase over the past week.
