The rate of the Litecoin cryptocurrency rose sharply on September 13 after the announcement that the world’s largest wholesale and retail network will begin to accept it for payment. A few hours later, it was discovered that the news turned out to be fake, and the cryptocurrency rate fell to its previous level. According to the trading data of the cryptocurrency exchange Binance, the cost of one Litecoin is $177.

The message about the collaboration between Walmart and the Litecoin Foundation appeared on Twitter Litecoin, after which the rate of the cryptocurrency rose by almost 40 percent, to $240 apiece. A few hours later, information about the partnership disappeared from the Walmart account, and a company representative confirmed that the news was not true. The rate of the cryptocurrency, which is considered as one of the competitors of bitcoin, fell by 25 percent, to $180 per unit. During all this time, the value of Walmart shares has remained almost unchanged.