According to Odaily, Litecoin whales have accumulated a staggering 2,751,633 LTC over the past 30 days. This significant increase in holdings was observed by IntoTheBlock, a blockchain analytics firm. On May 10th, these addresses saw a net inflow of over 900,000 LTC, marking the highest daily inflow since February.
This accumulation by Litecoin whales indicates a strong confidence in the cryptocurrency's future performance. However, it's important to note that such large-scale accumulation can also lead to increased volatility in the market. Investors are advised to keep a close eye on market trends and make informed decisions.