It appears that the largest Litecoin wallets are buying the dip during the current market pullback, adding more litecoin.
In the past 4 days, 6 out of the 10 top litecoin wallets holding more than 18% of all the litecoin have acquired even more this week.
Since June 2022 Litecoin has outperformed Bitcoin by 82% this is even after the recent FTT and FTX.com debacle.
Whales typically accumulate at market bottoms and distribute at market tops. It looks like the whales view this week as an opportunity to accumulate at another bottom.