
April 11th, 2025
Digital assets products bagged $3.12 million from institutional investors as the market enters a maturity phase.
LESTER was recently launched on the Pump.fun platform, following a humorous declaration by Litecoin.
Historically, a surge in short-term holdings as this holds great significance in that it usually marks a turning point in the market.
The Litecoin network has grown to over 7.7 million on-chain holders, as institutional investors seek to have an ETF approved in the U.S. soon.
Litecoin price rallied above $73 for the first time since July fueled by rising demand from institutional investors and retail traders.
Despite the bearish market conditions, some institutional investors continue to show interest in Litecoin.
Hashdex’s filing follows closely on the heels of the recent approval for spot Ethereum ETFs to start trading on July 23.
The Litecoin (LTC) network has more than 9.2 million on-chain holders, and its whale activities have outshined top layer-one blockchains.
On-chain data indicates a sharp rise of over 464% in large holders’ netflow to exchanges within the past seven days.
Over the last two weeks, the ETH product outflows have now crossed $119 million. This also makes Ethereum the worst-performing asset year-to-date in terms of net flows.
While some analysts have regarded to Litecoin (LTC) as a silent giant similar to Silver, Forbes researchers view the altcoin as a good-for-nothing blockchain.
The increase in the number of active addresses and the transaction volume may have important consequences for Litecoin’s market performance. Analysts anticipate a positive trajectory for LTC price.
Bybit CEO provided a link to the exchange’s proof-of-reserves (PoR) and a Nansen dashboard displaying all the cryptocurrencies held by the platform.
The company urged users of the platform to withdraw their assets before August 28, as it plans to delist all tokens.
Coinbase has not limited its expansion to products and services alone as it equally pursues diversification outside the United States where it has faced several legal challenges.