In the past 30 days, Litecoin whales have accumulated over 2.75 million LTC, as revealed by data from crypto market intelligence platform, IntoTheBlock. This is the largest daily inflow since February, with over 900,000 LTC, worth approximately $74.7 million, moved into their wallets on May 10. Despite this, LTC's price has remained relatively stable, fluctuating between $80 and $86.

This activity follows Coinbase's launch of a cash-settled futures contract product for Litecoin in early March. Since Litecoin's halving event ten months ago, the network has seen an increase in transaction count and active addresses, indicating growing confidence in the cryptocurrency.

Furthermore, Litecoin has seen significant development with the launch of the LTC-20 token standard, built on top of the network’s Ordinals Protocol. This development is a positive indicator for the market, demonstrating the ongoing innovation and growth within the blockchain industry.