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Over 60% of Litecoin in Circulation Controlled by 1,032 Addresses, Highlighting Concentration of Wealth Among Whales

According to BitInfoCharts, 1,032 addresses control over 51.2 million Litecoin (LTC) in circulation, which means over 60% of all LTC in circulation are controlled by these addresses. The "Top 100 Litecoin Rich List" shows that 8.78% of all registered addresses control 7,355,585 LTC in circulation worth $639,814,097.

Additionally, 26,526,499 LTC worth over $2.3 billion is managed by 111 addresses, making it the biggest concentration compared to any other range by address count. These whales may manipulate prices and influence trends, but LTC prices might recover ahead of the Litecoin halving event estimated to be in early August 2023.

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