Global #cryptocurrency market

In a surprising turn of events, Litecoin (LTC) has experienced a meteoric rise in activity, surpassing both Bitcoin (BTC) and Ethereum (ETH) to become the most utilized cryptocurrency in the market. This surge in activity is reflected in the number of active addresses, a key indicator of network usage and adoption.

The Shiba Inu (SHIB) community has demonstrated its growing influence and determination by gathering over 10,000 signatures in a petition urging Grayscale Investments to list a Shiba Inu ETF. This grassroots effort highlights the increasing demand for a regulated and accessible investment vehicle for the popular meme-inspired cryptocurrency.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is experiencing a gradual decline as market pressure intensifies. The cryptocurrency has recently struggled to maintain its upward momentum, with its price slipping below key support levels.

The Floki Inu cryptocurrency (FLOKI) has experienced a significant decline, plummeting 28% from its peak value of $0.000346. This sharp drop mirrors the broader downturn in the cryptocurrency market, raising concerns about the sustainability of the recent bull run.

Leading cryptocurrency exchange OKX has experienced a significant outflow of funds, totaling over $633 million, within a span of seven days. This massive withdrawal surge has been attributed to mounting concerns regarding the platform's security, fueled by circulating rumors and speculation.

Litecoin (LTC), a prominent cryptocurrency often referred to as the "digital silver," has recently experienced a significant surge in network activity, suggesting a potential price rally on the horizon. Data from on-chain analytics platform Santiment reveals a substantial increase in unique addresses interacting on the Litecoin network.