Anonymous bought a million Litecoin

[Mazda3]

Last week, Litecoin handled one of the largest transactions in its history. Someone bought 1.15 million LTC coins totaling $ 61 million. It is noteworthy that the group transaction fee was only 50 cents.

It seems that the funds were redistributed from several obsolete addresses to a new address with a multi-signature Segwit. Now it has the largest number of lightcoins. The previous most money address is zeroed, indicating the same owner.
As they write on AMBCrypto, the transfer from obsolete addresses was made in several transactions of 20 thousand LTC. At least four of them were held from the address where more than 150 thousand coins are still located. Data about the owner of the purses are missing. It is also not known whether the addresses belong to one person or group of persons.
A source:

 

[bmg]

Thats a lot of ltc i wish i had that much lol and to get the transaction fir only$.50 lucky buyer is all i can say

[Kate]

First of all that's a lot of coins 1M is not small but if it was bought when LTC was 100$ then the price would be fine. Second of all it was said that it could most likely be an exchange which i really think is because no one is that rich enough just to buy that much LTC. Third of all it could just be a transfer of the coins not a buying maybe just to secure the funds. Fourth of all what if its not an exchange and it was Stake or a user in Stake who did it ? That would blow up Stake with new Members 

[casinogambler]

I must have missed out on some important piece of data but doesn't it just show that addresses were consolidated into one new multisig Segwit? I mean, I did the same this year, moving out all my coins from older wallets to fully native Segwit. Just a reconsolidation, not a buy order filled. So, normal? Just detecting a whale I guess is all.

[blueprints]

omg that is so much litecoin someones really investing heavily into it. I cant imagine what a small price difference would result in, profit and loss wise. 

[griffinreynolds]

That’s so much money but why Litecoin? If I would buy cryptocurrencies in that amount I would pick bitcoin maybe... Because bitcoin’s price increases and decreases maybe bitcoin’s price increases and would get a good profit with that?

I don’t know why but does Bitcoin get much more fees than Litecoin like you said 50$ only, that’s the difference?

[irawk0]

I see someone is trying to manipulate/invest the market of Litecoins...  That sure is alot of ltc

[Jakubb]

Wow.. That's a crazy amount of Litecoin, I'm sure one of  our millionaires decided to invest while crypto is hella down to get a profit outta 

[peel1]

wow that a stupid amount of LTC they could heavily manipulate the market with that 

[EddieFx]

1M ltc is a ton of ltc, I wish I had even 10 coins   Well, that will be a while

[DancerCat]

Maybe is the same owner who collect all his coins on one address. Or a trading site.

[Snike]

I assume no exchange could give you 62M$ in one piece for all that LTC...

[davinmark]

That is totally a big amounts. i think the anonymous who bought that LTC is have a prediction that LTC will have a bullish price soon  

[David]

Maybe the transaction was by a large crypto company such as Coinbase.

Seems like a weird time to buy as well, unless they have insiders knowledge or can manipulate the market.

[Etude]

This amount is absolutely crazy of a buy-in of Litecoins.

[JEEPERS0029]

Hi! I tell myself that the person or persons who bought so many litecoins didn't do it just for fun! or they did it to launder money and it's really not cool it's still putting a bad reputation! or they know that at some point or another it's going to explode and they'll obviously make a lot of money! well that too be both at the same time!
who can know with all the moves they've made with it!
see you soon!
hi!

[xtinepink]

It’s not new that some people would come in and buy bunch of coins/tokens. What amazes me is that the fee is very low. If you compare it to fees given by remittance company, I don’t think that remittances would have that fee. Glad that we have cryptocurrency that have transactions like this, just very convenient for all people.