Litecoin Price Gains as Grayscale ETF Filing and $100M Treasury Buy Spark Whale Interest

• Grayscale Investments filed Form S-3 with the U.S. SEC for its Litecoin ETF.
• MEI Pharma rebranded to Lite Strategy to underscore its commitment to accumulating Litecoin for its treasury.
• On-chain data analysis shows whale investors aggressively accumulated LTC coins in the past 24 hours.

Litecoin (LTC) gained about 3% in the past 24 hours, climbing to $116 on Thursday, September 11. 

The uptick came after two market-moving developments: Grayscale’s new ETF filing and a $100 million corporate treasury purchase from Lite Strategy. Both moves fueled renewed accumulation by whales and reinforced Litecoin’s status as a proof-of-work hedge asset.

Why Whales Are Backing LTC

On-chain data from Santiment shows wallets holding at least 1,000 LTC added 181,000 coins in just 24 hours. This pushed their holdings to nearly 60 million LTC, a dominant slice of the 84 mil…

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