Litecoin Whales Drive Price Surge

Litecoin has experienced a sharp price increase as on-chain data reveals significant buying activity from whale investors.

Whales Accumulate 181,000 LTC

According to on-chain analytics firm Santiment, large holders of Litecoin have recently expanded their positions. Data from the “Supply Distribution” metric, which tracks the amount of LTC held by different wallet groups, shows that whales—addresses holding over 1,000 tokens—have been particularly active.

In just 24 hours, these investors added 181,000 LTC, worth approximately $20.7 million, to their wallets. This marks a notable rise in whale accumulation, underscoring their growing influence on the market.

Institutional and Corporate Momentum

The surge in whale activity coincides with two major bullish developments. Grayscale has officially filed Form S-3 with the U.S. Securities and Exchange Commission (SEC) to launch a Litecoin exchange-traded fund (ETF). If approved, this ETF would allow investors to gain exposure to LTC through regulated shares without directly owning the asset.

At the same time, pharmaceutical company Mei Pharma has taken its commitment to Litecoin even further. After adopting an LTC treasury strategy in August and securing around $100 million in the token, the firm announced a corporate rebrand under the new name “Lite Strategy.”

Market Outlook

These combined factors—the ETF filing and Mei Pharma’s strategic shift—appear to have boosted confidence among major investors. With whale holdings on the rise, Litecoin may continue to benefit from growing institutional interest and corporate adoption.