According to data provided by Santiment, Litecoin (LTC), Chiliz (CHZ) and 5 altcoins are witnessing massive transactions as whales become active.
Whale transactions increased by 100%
The analytics firm shared that whale transactions were seen in most of the top 100 cryptocurrencies. Major transaction volumes of several cryptocurrencies increased by 100%, including Litecoin (LTC), Axie Infinity (AXS), Maker (MKR), Chiliz (CHZ), Compound (COMP), TUSD and SNX. These whales are comprised of investors with over $100,000 in assets of the wallet.
Massively shortly after hitting $302 on Nov. 10 The depreciating Litecoin (LTC) slumped to $91.52 on February 24 as a result of the current price drop, and then rebounded. During the month-long autumn season, the whales filled their bags at a low price. At the time of writing, Litecoin is trading at $124.41, down 5% in the last 24 hours. The ATH level, set on May 10, 2021, has lost 69.60% compared to $412. According to CoinMarketCap, Litecoin is currently the 21st most valuable cryptocurrency after falling from the top 10 due to recent price drops.
Altcoin project completed MWEB upgrade
As we quoted as Kriptokoin.com, Litecoin Foundation, which oversees technical development and community management, announced the activation of the Mimblewimble Extension Block (MWEB) update in January, after years of work. Litecoin had previously stated that the MWEB – Mimblewimble Extension Block upgrade – will be included in the Litecoin Core 0.21.2 release candidate along with the Taproot update, which improves security and privacy.
According to Charlie Lee, the inventor of Litecoin, all hands are final Litecoin Core is still available for release 0.21.2:
We are working hard on a final Litecoin Core 0.21.2 release, but an RC6 release may be required beforehand. Once the final code is available, we will make another attempt to receive additional MWEB signal. In the meantime, please help us continue testing MWEB transactions on the testnet.
Litecoin price has gradually increased over the past two weeks, increasing by 10.9%. This is a continuation of the rally from the $91 level set on February 24.
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