With Litecoin gaining 13% in value over the past day, discussions about its future arise. Understanding LTC ownership distribution helps to assess its potential.
Overview of LTC holders
For any cryptocurrency, knowing how centralized its supply is important. According to BitInfoCharts, 49.58% of LTC holders own between 0 and 0.001 LTC, indicating a negligible influence. A significant portion of LTC is held by large holders who make up less than 3% of all wallets. As of February 11, 2025, LTC traded at $129.49.
How many people own LTC?
Due to cryptocurrency's anonymity, exact numbers of LTC holders are hard to determine. Coincarp estimates about 7,145,978 active LTC accounts. Major holders possess a significant portion: 38.60% of the supply is held by the top 100 wallets.
The impact of LTC ownership distribution
High LTC concentration among a few holders might affect trust and decentralization principles. Attracting new investors through staking mechanisms and governance solutions is vital. Nonetheless, this does not necessarily jeopardize LTC's long-term potential.
LTC ownership concentration and distribution play a crucial role in its future prospects. Implementing new solutions and mechanisms can help sustain trust and encourage broader adoption.
