Litecoin whales keep accumulating as debate over LitVM heats up

Large Litecoin holders continue to add to positions even as the market debates LitVM. Wallets holding 10,000+ litecoin:native rose to 648, up 7% over the past five months. According to @SantimentData, whales kept buying despite muted price performance, while transaction volume has slipped to its lowest levels of the year. Much of the attention is centered on LitVM, @litecoin's first official smart-contract layer. The initiative is backed by the Litecoin Foundation (@LTCFoundation) and has been running on a testnet since April. The community remains divided on whether DeFi on Litecoin can translate into sustainable demand. At the same time, some testnet participants are farming activity in anticipation of a token that has not been confirmed.