Analysis: Litecoin giant whales continue to increase their holdings, and the LitVM narrative drives a recovery in market attention

Comparative news, according to Santiment data monitoring, Litecoin (LTC) whale and shark addresses holding at least 10,000 LTC have increased by about 7% over the past 5 months, showing a continuous cumulative trend. Despite the overall lackluster price trend, the positions of large holders are steadily increasing.

Judging from historical experience, the continued increase in holdings of such large addresses is often ahead of the overall market trend, because whales and sharks usually lay out ahead of time before the market is fully launched. If there is an upward trend in the future, this part of the holding power may become an important support and drive a rapid recovery in on-chain trading activity, which had previously declined.

Meanwhile, market attention to LTC has increased markedly recently, mainly driven by the LitVM narrative. The project introduced smart contract functionality to Litecoin through the zkLTC package solution, triggering market discussions on whether it can bring new demand and new application scenarios to LTC, and has also become one of the core factors in the current rise in social popularity.