Litecoin (LTC) has experienced a 13% surge in the past 24 hours, fueled by rumors of a potential ETF. To understand the coin's current supply and ownership distribution, it is important to note that Litecoin was introduced in 2011 by Charlie Lee, a Google computer scientist. While LTC shares some similarities with Bitcoin, such as using the proof of work system, it differs in terms of supply cap, hashing algorithms, block transaction speeds, and storage efficiency. LTC's block processing time is 2.5 minutes, making it ideal for smaller transactions with low fees.

Examining LTC's supply and ownership distribution, most of the small holders (49.58%) hold negligible amounts of LTC, meaning the major retail influence on the supply is minimal. Larger wallets (13.6% of addresses) hold only 0.01% of the total supply, with subsequent blocks of wallets holding between 0.1 and 1 LTC making up 0.43% of the overall token supply.

As of February 11, 2025, LTC is trading around $129.49 per token, with a 24-hour trading volume of $1.88 billion and a market capitalization of approximately $9.77 billion. While it is difficult to determine the exact number of LTC holders, there are roughly 7.14 million active LTC account holders. However, this number may vary as some users may hold multiple wallets and some wallets may belong to crypto exchanges.

The top 100 wallets hold 38.60% of LTC's token supply, while the top 50, top 20, and top 10 holders own 28.75%, 18.64%, and 14.89% of the total supply, respectively. The total supply of LTC is 84 million, with 75.52 million coins currently in circulation and 8.48 million left to be introduced. Concentrated ownership of supply may pose challenges for broader adoption and trust among new investors, but staking mechanisms, lock-up periods, and governance decisions could help attract new investors.

In terms of mining, LTC's block processing time allows for the mining of 14,400 LTC every day, with mining rewards halving every four years. It is difficult to determine the exact number of lost LTC tokens due to forgotten private keys or lost wallets.

In summary, Litecoin's recent surge is accompanied by rumors of an ETF. LTC's supply and ownership distribution show a concentration of ownership in a small number of wallets, which may pose challenges for broader adoption and attract new investors. The total supply of LTC is 84 million, with 75.52 million coins currently in circulation. The remaining supply will be introduced slowly, and additional supply may not have a major impact on LTC's price.



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