Despite the weak price movement, Santiment data indicates that large holders $LTC are continuing to increase their positions.
📊 Key figures:
🐋 Number of wallets holding more than 10,000$LTC Reached 648 wallets.
📈 Growth of 7% over five months.
📉 This is happening even though trading volumes are currently at low levels for the year.
⚡ What's catching attention?
All eyes are on LitVM, the first official smart contract layer for Litecoin:
🔹 Backed by the Litecoin Foundation.
🔹 Currently operating on a testnet since April.
🔹 Aiming to bring DeFi capabilities to the Litecoin ecosystem.
🤔 But the community is split:
Will DeFi on Litecoin create real demand?
Or is the current interest just speculation around an unconfirmed token?