#WalletActivityInsights There has been a significant increase in activity from large Litecoin holders, the so-called “whales,” recently. Around $2.85 billion in transactions are processed daily, which is more than half of Litecoin’s market cap. This surge in activity may be related to expectations of the approval of a Litecoin-based exchange-traded fund (ETF). Bloomberg analysts James Seyffarth and Eric Balchunas estimate the probability of such approval at 90% by the end of 2025.

In addition, the Litecoin network hashrate has reached a new all-time high of 2.24 PH/s, indicating increased miner activity and the strengthening of the network.

In general, the increase in activity from large investors and miners, as well as positive forecasts from analysts, indicate increased interest in Litecoin amid the possible approval of an ETF.