Litecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Litecoin HODLing
Strong Despite
15%
Crash: 54%
Of Supply Dormant Since 1+ Years
Litecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Litecoin HODLing Strong Despite 15% Crash: 54% Of Supply Dormant Since 1+
Years
by Keshav Verma
4 hours ago
in Litecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Litecoin News
0
On-chain data shows HODLing behavior on the Litecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Litecoin network has remained
strong recently despite the plunge that LTC s value has observed.
Litecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Litecoin HODLers Currently Control The Majority Of Supply
In a new post on X, Litecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Litecoin s official handle talks about how the asset
supply is distributed between its different cohorts right now. The investors
have been divided into the groups in question based on holding time.
There are three such cohorts relevant here: Traders, Cruisers, and HODLers .
The first of these, the Traders, refers to the investors who bought their
coins within the past month. This cohort includes the new investors and
short-term traders of the market, so the supply held by them is constantly in
motion.
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Holders that make it past the one-month cutoff are put into the Cruisers
group. This cohort represents the side of the sector that has the potential to
evolve into a resolute wall.
Investors that hold past the one-year mark without moving their coins even
once can be assumed to have lived up to this potential and are put in the
HODLers category.
Below is the chart from the market intelligence platform IntoTheBlock shared
by the Litecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Litecoin X account that shows how the supply held by each of these
three groups has changed over the course of the network s history:
Looks like the 1+ years cohort has seen its supply go down in recent weeks |
Source: Litecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Litecoin on X
As displayed in the graph, the supply held by Litecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Litecoin Traders has observed an
increase recently, which suggests the older cohorts have been breaking their
dormancy.
It s also visible, however, that the Cruisers have witnessed their
supply moving sideways at the same time, implying the coins on the move have
been older than one year. That is, the HODLers have potentially been
participating in a selloff .
These investors generally tend to be quite resolute, but it s not
unusual to see them taking profits during bull runs. The decline in their
supply has also not been anything too significant so far. More importantly,
the latest crash in the Litecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Litecoin price hasn t caused these investors to
panic and sell.
After the decrease, the HODLers carry 40.5 million LTC in their wallets,
equivalent to almost 54% of the total LTC supply. A lot of this supply is also
actually much older than one year, as the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта s handle has
revealed the average holding time on the network is 2.4 years per token.
Something to note is that while selling registers immediately in the supply
charts of the older cohorts, buying isn t the same. Whenever the
Cruisers or HODLers see an increase in their supply, it doesn t mean
that accumulation is happening in the present, but rather that it occurred one
month or one year ago.
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Done?
This is naturally due to the fact that coins have to age up sufficiently first
in order to be counted among these cohorts. In contrast, transactions
instantly reset back their age to zero, which is why selling is immediate.
LTC Price
At the time of writing, Litecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Litecoin is trading around $102, down 15% over the
last week.
The price of the coin appears to have plunged over the last few days | Source:
LTCUSDT on TradingView
Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com