{"id":636296,"date":"2024-08-18T13:00:46","date_gmt":"2024-08-18T13:00:46","guid":{"rendered":"https:\/\/wncen.com\/?p=636296"},"modified":"2024-08-18T10:09:57","modified_gmt":"2024-08-18T10:09:57","slug":"litecoin-and-dogecoin-whales-move-huge-amounts-amid-whale-activities-in-the-market","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/litecoin-and-dogecoin-whales-move-huge-amounts-amid-whale-activities-in-the-market\/","title":{"rendered":"Litecoin And Dogecoin Whales Move Huge Amounts Amid Whale Activities In The Market"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The cryptocurrency industry has experienced a notable surge in activity among large holders, often referred to as &#8220;whales,&#8221; over the past few weeks. This level of engagement has been revealed through on-chain transaction data, which has shown multiple instances of large cryptocurrency movements to and from exchanges.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/cosmos-price-analysis-why-this-analyst-says-atom-has-a-great-chart\/\">Cosmos Price Analysis: Why This Analyst Says ATOM Has \u2018A Great Chart\u2019<\/a><\/div>\n<p><span style=\"font-weight: 400\">One cryptocurrency that has particularly stood out in this trend is Litecoin. Particularly, crypto market intelligence platform IntoTheBlock has <\/span><a href=\"https:\/\/x.com\/litecoin\/status\/05060393\" rel=\"nofollow\"><span style=\"font-weight: 400\">revealed an uptick <\/span><\/a><span style=\"font-weight: 400\">in Litecoin large transactions since the last week of July. In the past 24 hours, over $3.5 billion worth of Litecoin has been moved among large holders.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Everyday, people trust the <a href=\"https:\/\/twitter.com\/hashtag\/Litecoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Litecoin<\/a> network to quietly and effortlessly move value, adding up to 10s of millions in <a href=\"https:\/\/twitter.com\/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$LTC<\/a>. In the past 24hrs over $3.5 billion dollars in value has been moved in &#8216;Large Transactions&#8217; alone \ud83d\udc40Source: <a href=\"https:\/\/twitter.com\/intotheblock?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@intotheblock<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/FridayFeelings?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#FridayFeelings<\/a> <a href=\"https:\/\/t.co\/TpCJO3Fsy1\" rel=\"nofollow\">pic.twitter.com\/TpCJO3Fsy1<\/a><\/p>\n<p>\u2014 Litecoin (@litecoin) <a href=\"https:\/\/twitter.com\/litecoin\/status\/05060393?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 16, 2024<\/a><\/p><\/blockquote>\n<h2><b>Significant Litecoin Whale Activity<\/b><\/h2>\n<p><span style=\"font-weight: 400\">IntoTheBlock&#8217;s large &#8220;Large Transactions&#8221; metric shows an interesting movement among addresses holding large amounts of Litecoin. This metric is designed to track the number and total value of transactions worth $100,000 or more and classifies them as whale movement. <\/span><\/p>\n<p><span style=\"font-weight: 400\">According to this metric, a cumulative $17.5 billion worth of such transactions have been performed in the past seven days. This is very interesting considering that Litecoin has largely remained quiet in terms of the general market sentiment.<\/span><\/p>\n<figure style=\"width: 2475px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/6B3Py3Xz\/\" alt=\"\" width=\"2475\" height=\"1163\"><figcaption class=\"wp-caption-text\">LTC market cap currently at $5 billion. Chart: TradingView.com<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">According to a social media post by IntoTheBlock, the Litecoin network seems to be gaining trust among users to quietly and effortlessly move value. This movement peaked recently at 53.45 million LTC worth $3.43 billion within a 24-hour timeframe. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Although this increase in whale movement could be selloffs in exchanges as much as accumulation, recent price action points to the latter. At the time of writing, Litecoin is trading at $67.71, up by 2% in the last 24 hours and an 11% rise over the past week, even as the broader cryptocurrency market undergoes a correction.<\/span><\/p>\n<h2><b>DOGE Whales Accumulating<\/b><\/h2>\n<p><span style=\"font-weight: 400\">The increase in whale activity is not limited to Litecoin alone. Recent <\/span><a href=\"https:\/\/app.intotheblock.com\/coin\/DOGE\" rel=\"nofollow\"><span style=\"font-weight: 400\">data from <\/span><\/a><span style=\"font-weight: 400\">IntoTheBlock reveals that Dogecoin, the &#8220;king of meme coins,&#8221; has also seen a significant uptick in large-scale transactions over the past few days. Notably, the <\/span><a href=\"https:\/\/bitcoinist.com\/dogecoin-has-72-holders-profit-shiba-inu-pepe\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">number of DODE holders<\/span><\/a><span style=\"font-weight: 400\"> holding more than 10 billion DOGE tokens has increased by 50% within the last 30 days. This, in turn, has contributed to a negative $14.05 million netflow into crypto exchanges in the past seven days.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/polkadot-dot-investor-confidence-falls-as-token-loses-16\/\">Polkadot (DOT) Investor Confidence Falls As Token Loses 16%<\/a><\/div>\n<p><span style=\"font-weight: 400\">A negative net flow indicates that more Dogecoin is being withdrawn from exchanges than deposited, which can often signal that holders are <\/span><a href=\"https:\/\/wncen.com\/news\/is-dogecoin-doge-headed-for-a-40-slide-this-analyst-thinks-so\/\"><span style=\"font-weight: 400\">opting to move their assets<\/span><\/a><span style=\"font-weight: 400\"> to private wallets in anticipation of holding them long-term rather than selling.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, on-chain data shows that Dogecoin addresses with a <\/span><a href=\"https:\/\/wncen.com\/news\/despite-a-stormy-market-dogecoin-addresses-skyrocket-to-over-6-million\/\"><span style=\"font-weight: 400\">balance have grown to<\/span><\/a><span style=\"font-weight: 400\"> 6.56 million, which is a growth of 20% from eight months ago. At the time of writing, DOGE is trading at $0.1027 and has also posted 1.9% gains in the past 24 hours.<\/span><\/p>\n<p><em>Featured image from SoFi, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency industry has experienced a notable surge in activity among large holders, often referred to as &#8220;whales,&#8221; over the past few weeks. This level of engagement has been revealed through on-chain transaction data, which has shown multiple instances of large cryptocurrency movements to and from exchanges.\u00a0 Related Reading: Cosmos Price Analysis: Why This Analyst Says ATOM Has \u2018A Great Chart\u2019 One cryptocurrency that has particularly stood out in this trend is Litecoin. Particularly, crypto market intelligence platform IntoTheBlock has revealed an uptick in Litecoin large transactions since the last week of July. In the past 24 hours, over $3.5 billion worth of Litecoin has been moved among large holders. Everyday, people trust the #Litecoin network to quietly and effortlessly move value, adding up to 10s of millions in $LTC. In the past 24hrs over $3.5 billion dollars in value has been moved in &#8216;Large Transactions&#8217; alone \ud83d\udc40Source: @intotheblock #FridayFeelings pic.twitter.com\/TpCJO3Fsy1 \u2014 Litecoin (@litecoin) August 16, 2024 Significant Litecoin Whale Activity IntoTheBlock&#8217;s large &#8220;Large Transactions&#8221; metric shows an interesting movement among addresses holding large amounts of Litecoin. This metric is designed to track the number and total value of transactions worth $100,000 or more and classifies them as whale movement. According to this metric, a cumulative $17.5 billion worth of such transactions have been performed in the past seven days. This is very interesting considering that Litecoin has largely remained quiet in terms of the general market sentiment. According to a social media post by IntoTheBlock, the Litecoin network seems to be gaining trust among users to quietly and effortlessly move value. This movement peaked recently at 53.45 million LTC worth $3.43 billion within a 24-hour timeframe. Although this increase in whale movement could be selloffs in exchanges as much as accumulation, recent price action points to the latter. At the time of writing, Litecoin is trading at $67.71, up by 2% in the last 24 hours and an 11% rise over the past week, even as the broader cryptocurrency market undergoes a correction. DOGE Whales Accumulating The increase in whale activity is not limited to Litecoin alone. Recent data from IntoTheBlock reveals that Dogecoin, the &#8220;king of meme coins,&#8221; has also seen a significant uptick in large-scale transactions over the past few days. Notably, the number of DODE holders holding more than 10 billion DOGE tokens has increased by 50% within the last 30 days. This, in turn, has contributed to a negative $14.05 million netflow into crypto exchanges in the past seven days.\u00a0 Related Reading: Polkadot (DOT) Investor Confidence Falls As Token Loses 16% A negative net flow indicates that more Dogecoin is being withdrawn from exchanges than deposited, which can often signal that holders are opting to move their assets to private wallets in anticipation of holding them long-term rather than selling.\u00a0 Furthermore, on-chain data shows that Dogecoin addresses with a balance have grown to 6.56 million, which is a growth of 20% from eight months ago. At the time of writing, DOGE is trading at $0.1027 and has also posted 1.9% gains in the past 24 hours. Featured image from SoFi, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":636304,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,6664,10,2828,14781],"class_list":["post-636296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-crypto","tag-litecoin","tag-ltc","tag-whales"],"acf":[],"yoast_head":"\n<title>Litecoin And Dogecoin Whales Move Huge Amounts Of Coins<\/title>\n<meta name=\"description\" content=\"The cryptocurrency industry has experienced a notable surge in activity among large holders, often referred to as &quot;whales,&quot; over the past few weeks. 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