Unwavering Commitment: Long-Term Litecoin Investors Refuse to Sell Amid 15% Market Crash

Litecoin HODLing Strong Despite 15% Crash: 54% Of Supply Dormant Since 1+ Years

In recent times, an unusual phenomenon has been observed in the Litecoin market. Despite a steep 15% crash, it appears that HODLers (long-term investors) have shown remarkable resilience and are holding their ground.

According to data provided by IntoTheBlock, the proportion of Litecoin supply that has been dormant for over a year has reached an astonishing 54%. This is a testament to the unwavering commitment of these investors to their long-term strategy.

It’s crucial to understand the dynamics at play here. The sudden increase in older coins breaking dormancy can be attributed to the older cohorts reentering the market, which usually occurs during bearish phases. However, this development has not been accompanied by an equivalent surge in selling pressure. In fact, HODLers seem more determined than ever.

The IntoTheBlock data highlights another crucial aspect – Litecoin’s older supply has not been significantly impacted by the recent downturn. This suggests that these investors have been taking profits during bull runs rather than panicking and offloading their assets. The HODLer group is known for being steadfast, but it appears they’ve become even more steadfast in this bearish environment.

Furthermore, the average holding time of tokens on the Litecoin network has revealed an impressive 2.4 years per token. This statistic underscores the commitment and dedication of these investors to their strategy.

As a result, while some might interpret the recent downturn as a sign of weakness, it’s essential to recognize that HODLers have been extremely consistent in their behavior. In fact, they’ve been more resilient than ever before.

Source: bitcoinist.com