Litcoin has increased by 13% in the last 24 hours as ETF rumors are in the air. With such publicity around this coin, it is important to know the answer to an important question: how many Litcoin coins are there?
Charlie Lee, a computer scientist and software developer in Google, introduced Litcoin (LTC) in the world in October 2011, introduced into the world two years after bitcoin.
Although the LTC was designed using the same proof as the POW system as bitcoin (BTC), it varies from many methods including supply cap, hashing algorithms, block transactions speed and storage efficiency.
Because Lee built the blockchain to become a “light version of bitcoin”, Litcoin’s block processing time is 2.5 minutes, while BTC is 10 minutes. This is ideal for minor transactions as it also has cheap transactions fees.
In this article, we will discuss the litcoin supply overall, how many Litcoin are in circulation, and the possible effects of LTC ownership distribution.
Overview of LTC holders
Before investing in any cryptocurrency, it is important to know if its supply is not very centralized because it increases the possibility of pulling a rug and takes out the element of decentralization – a column of any true cryptocurrency.
According to the current data from BitinfochesThe distribution of LTC shows a large part of small holders that is an amount of 49.58%, and they live between 0.001 LTC. While 49.58% is a large number, these small wallets are only in total of LTC, which indicates that the major retail effect on the LTC supply is almost no one.
Moving on the wallets with large holdings, we can see that 13.6% wallet addresses are between 0.01 and 0.01, which is only 0.01% of the total supply. The same is the same for the next block of the wallet, which is between 0.1 and 1 LTC and the total wallet is 12.79% of the address, which represents only 0.43% of the overall LTC token supply.
1-10, 100-1000, 10,000-100000, and 100000-1000000 LTC coins, in the limits, there are wallet addresses that are less than 3% of the total wallet address, although some wallets are more than 99.52%. Total LTC tokens supply.
As of February 11, 2025, LTC is trading at around $ 129.49 per token. Cryptocurrency has experienced the $ 131.32 Intrade high and a low of $ 113.32. The 24-hour trading volume is $ 1.88 billion, which contributes to the market capitalization of about $ 9.77 billion.
How many people own LTC?
Due to the anonymous nature of the cryptocurrency transactions on the blockchain network, it is almost impossible to calculate the number of LTC holders. However, it is possible to track many wallet addresses wearing this token.
According to the latest data collected by coincidenceThere are about 7,145,978 active LTC account holders. Although this number provides an estimate of LTC holders, the actual number may be different, as many users can catch multiple wallets, and some wallets will also be related to many crypto exchanges.
Top ltc holder
According to the coincidence, 38.60% of the LTC token supply is conducted by the top 100 purse. Meanwhile, the top 50 holders have 28.75% of the total supply, and if we talk about the top 20 and top 10, they have 18.64% and 14.89% of the total supply respectively.
It is important to know how many Litcoin are available, and for this you have to know its token supply. The total number of LiteCoins is 84 million and it is also a total supply of LTC, which means that the team cannot hit any new coins in the market. In addition, LTC’s circulating supply is 75.52 million, which is also a great sign, as only 9.5 million coins are yet to be introduced in the market by the team behind the LTC.
Effect of LTC ownership distribution
As mentioned above, most of the LTC is conducted by the purse that is only 3% of the total user base that holds LTC, and it is not a good look for any project. This is because if these few wallet holders had to sell their tokens suddenly, it can create a chain reaction and the project may also be open to the possible FUD.
However, it is necessary that LTC’s long -term capacity is at risk. However, this concentrated ownership of the supply can create challenges for widespread adoption and trust for new investors. To reduce such risks, the lock-up period to attract new crypto investors, and the decision of governance should be introduced as well as stacking mechanisms.
questions to ask
How many Litcoin coins are left?
The total supply of LTC is 84 million and will also have a maximum supply of the project. As of February 11, 2025, about 75.52 million coins are in circulation, which means that 8.48 million LTC is to be introduced in the Crypto market. This means that the remaining supply will be gradually introduced and with such a large supply, already public, additional supply IE 8.48 million may not have a major impact on the LTC price.
How many Litcoin coins are lost?
It is difficult to find out how many LTC tokens are lost, as it depends on how many people have forgotten the private keys of their wallet, or have completely lost their purse. There are some estimates that 4 million LTC wallets are lost, but it may be just a speculation.
How many Litcoin coins are mined per day?
The current block processing of LTC is 2.5 minutes faster than BTC which is 10 minutes. So with a 2.5 -minute block generation time, a total of 14,400 LTC is mined daily, and the reward for miners is half after every 4 years, the next one is expected in 2027.
Who owns the most Litcoin coins?
The ownership of the LTC is focused in very small number of wallets as the top 50 wallets are owned by 28.75%, the top 10 wallet 14.89%, and the top 10 wallets are owned by 14.89%of the total LTC supply. This ownership indicates heavy centralization of LTC’s token supply.
