Crypto wallets for Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and XRP have experienced impressive growth over the past two years.
A recent report from Santiment, the market research platform, examines the evolving patterns of non-empty wallets for BTC, ETH, USDT and XRP, revealing a significant increase in wallet holders over the past two years. However, the top cryptocurrencies saw a price decline over the past week following recent comments from the Federal Reserve.
Over the past week, Bitcoin saw a price decline of 8.1%. Ethereum fell 15.7%, although it has started to recover. XRP also saw a 7.8% decline in the last seven days and a 2.3% decline in the last 24 hours.
Ethereum leads the way in wallet growth
By song, Ethereum Among the top four assets, wallets saw the largest absolute increase. The number of wallets increased by 47% within two years to a total of 134.93 million.
Further insight into investor behavior shows a steady increase in long-term holders categorized as hodlers, who hold onto assets for over a year. Hodler addresses increased by 1.57%, indicating sustained accumulation by these investors. Medium-term holders or cruisers recorded a 0.97% increase, while short-term traders recorded a 21.78% increase.
XRP wallets see parabolic growth
Over the past two years, the number of non-empty XRP wallets has increased by 28% to 5.75 million. The wallets recorded notable growth especially from October 18, 2024.
This coincides with XRP’s price performance in the last quarter, where a significant uptrend gained momentum from mid-October.
The increase in price and number of wallets now corresponds to that of XRP Development activity. Remarkable…
