Cryptocurrency analysts record $ 21 million in daily transactions with Litecoin token

According to the analytical company Santiment, on September 9, 2025, more than 1000 cryptocurrency addresses made large purchases of Litecoin LTC $115.67 Litecoin -1.04% Market capitalization $8.82 billion VOL. 24 hours $70.4 million . In total, 181,000 LTC were purchased for about $ 21 million in one day.

Experts attribute this activity to positive news about the launch of exchange-traded funds (ETFs) based on Litecoin. In particular, Grayscale Investments has filed a Form S-1 with the US Securities and Exchange Commission to create such an investment product.

An additional factor was the announcement of the pharmaceutical company MEI Pharma, which changed its name to Lite Strategy. It announced the purchase of 929,548 LTCs for more than $ 100 million with an average entry price of $ 107.58 per coin. The acquired assets will be used as part of the corporate treasury.

Investors were also encouraged by the words of Bloomberg Intelligence analyst Eric Balchunas. He estimated the chances of approval of a Litecoin ETF in the United States at 90%, the same as for Solana SOL $238.33 Binance-Peg SOL 5.79% Market capitalization $0.26 billion VOL. 24 hours $1.37 billion .

At the time of publication, Litecoin was trading at around $ 117 per coin, demonstrating growing institutional interest and support from large investors.