Litecoin Nears Max Supply: Only 9 Million Coins Left to Mine

• Litecoin’s circulating supply reaches 75 million, with only 9 million coins left to be mined.
• Whale activity and on-chain transactions for Litecoin show significant growth, reflecting increasing market interest.

Litecoin’s circulation supply recently crossed a key milestone, reaching 75 million coins, leaving only about 9 million coins to mine before reaching its maximum supply cap of 84 million $LTC.

This development demonstrates how close Litecoin is to reaching its predetermined supply limit, cementing its standing as one of the market’s more established cryptocurrencies.

This achievement comes at a time when the asset’s network activity and social presence are increasing significantly, indicating fresh interest in this digital asset.

🚨Litecoin's Circulating Supply hits 75,000,000!🚨

With exactly 9 million remaining to be mined! Because the maximum number of coins that will ever exist in #Litecoin's lifetime is 84,000,000 $LTC ⚡️ pic.twitter.com/7oxoBtVN0G

— Litecoin (@litecoin) September 20, 2024

Whale Activity and Rising Social Dominance Propel Litecoin

Previously, CNF reported a large spike in whale activity for $LTC, with a surge of 25% in early September. More than 1,100 daily transactions totaling $100,000 were reported, showing that larger investors are becoming more engaged in the Litecoin market.

This increased engagement has coincided with a significant increase in Litecoin’s social dominance, which has jumped from 0.3% to 2.9%. This surge represents increased online interest and interaction within the Litecoin community, indicating a renewed focus on the cryptocurrency’s potential among both retail and institutional investors.

Furthermore, as we previously reported, on-chain data revealed in August showed that Litecoin’s transaction volume had more than doubled, with over 412 million $LTC exchanged in only one week, worth a stunning $26.5 billion.

This tremendous on-chain activity promotes the network’s vitality and the usability of Litecoin for large-scale transactions. Over a seven-month period, Litecoin processed 62 million transactions, indicating that it is on track to outperform the overall transaction volume recorded last year.

Such impressive stats underscore Litecoin’s long-term significance in the ever-changing crypto industry, demonstrating its capacity to manage a massive volume of transactions while preserving network efficiency.

Litecoin is currently trading at roughly $65.64, moving in consolidation over the last 30 days. As September unfolds, it appears that the coin is looking for momentum to make a rebound.