Solana (SOL) has lower chances of being affected by the potential supply pressure from Grayscale's influence compared to Litecoin (LTC) if the Securities and Exchange Commission (SEC) approves altcoin exchange-traded funds (ETFs).
Litecoin (LTC) price is attempting to recover, trading above $106 at the time of writing on Wednesday after starting the week on a bearish note. Supply distribution data shows that a certain whale seized the opportunity and accumulated Litecoin during recent price dips.
Litecoin (LTC) price extends its recovery, trading at around $104 on Friday, after breaking above $100 for the first time in nearly two months. Institutional demand for LTC is increasing, reflected by the NASDAQ-listed MEI Pharma (MEIP) launching a dedicated strategic treasury.