The 12-Year Evolution of Litecoin and Its Most Influential Wallets

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This month Bitcoin.com News delved into the top ten XRP wallets, having scrutinized the leading bitcoin, ethereum, and tether addresses the month prior. Next on the radar? An exploration of the top ten litecoin (LTC) wallets, standing out from 7.14 million distinct LTC-holding addresses. Often dubbed “the silver to bitcoin’s gold,” litecoin operates on a proof-of-work blockchain and boasts a history spanning 12 years.

Litecoin’s Powerhouses: Which Wallets Reign Supreme?

Recently, Litecoin celebrated 12 years since its inception by Charlie Lee on October 13, 2011. The digital currency network just experienced its third reward halving, resulting in miners now pocketing 6.25 LTC for every mined block. As of October 15, 2023, with a market cap of roughly $4.55 billion, LTC sits as the 15th heavyweight in the crypto realm. Currently, around 73,762,420 LTC are in circulation, approaching its max cap of 84,000,000 LTC.

Over this 12-year journey, 7.14 million distinct litecoin addresses hold LTC. Intriguingly, the top ten wallets control 12.67% of the total available stash. The reigning champ, “M8T1B,” possesses a staggering 2,504,667 LTC, making up 2.98% of the total coins. Hot on its heels is “ltc1q” with a grasp on 2.65% of the entire LTC pie, translating to 2.22 million tokens. The bronze position is occupied by “MQd1f” with 1.34 million coins, a 1.6% slice. Meanwhile, “ltc1q” secures the fourth rank, boasting 1.09 million LTC, or a 1.31% chunk.

The wallets “ltc1q” (927,542), “MQSs1” (745,000), “MB8nn” (513,259) respectively clinch the fifth, sixth, and seventh spots, each boasting over 500,000 LTC. Securing the eighth spot, “MFULd” holds 472,674 LTC, accounting for 0.56% of the present supply. Nipping at its heels in ninth place is “MESru,” holding 416,688 LTC, which translates to 0.5% of circulating coins. Rounding out the top ten, “LZEjc” claims 393,258 LTC or 0.47% of the available litecoin supply.

Diving deeper into the Litecoin hierarchy, the subsequent ten wallets possess roughly 3.74% of the total supply, with the leading 20 wallets securing 16.41%. Meanwhile, the upper echelon of 50 LTC wallets governs 27.14% of all LTC, and the top 100 wallets collectively amass 37.64%. From the vast pool of 73.76 million LTC, these top 100 wallets command about 27 million tokens.

When pitted against bitcoin (BTC), litecoin falls short; BTC’s top 100 wallets clinch 13.64% of its circulating supply. However, when juxtaposed with XRP, LTC’s top 100 seems more in line, given that XRP’s crème de la crème 100 holders grasp 33.14%. Conversely, the top ten solana (SOL) wallets control an impressive 32.99% of its total supply. Currently, litecoin boasts 458 millionaires within its ranks, with 82 accounts each amassing $10 million or more. Around 2.3 unique addresses contain just $1 in litecoin (LTC).

What do you think about the top ten litecoin wallets? Share your thoughts and opinions about this subject in the comments section below.