Ethereum Holders Jump 3% In January, Clear 175 Million Milestone
Ethereum’s Holder Count Hits a New High
If you thought Ethereum was just a fancy digital currency for tech geeks, think again! Recent data reveals that Ethereum has reached a staggering 175.5 million non-empty addresses. Yep, you heard that right – that’s a whole lot of wallets floating around in the crypto cosmos!
What’s the Big Deal?
This shiny new number comes courtesy of the on-chain analytics wizards, Santiment. They’ve been keeping track of how many wallets out there are not just gathering dust (or digital cobwebs). When we see this number going up, it means either new folks are jumping on the Ethereum train, or some seasoned players are doubling down after previous sell-offs. It’s like a stock market game of musical chairs!
More Wallets, More Fun
The 5.16 million new addresses that popped up in January represent a hefty 3.03% increase. Just think about it – that’s more Ethereum fans joining the party! And, let’s be honest, who wouldn’t want to be part of a crypto community like this?
But Wait, There’s More!
It’s not just the rising holder count that’s making waves in the Ethereum world. The number of Ethereum coins sitting on exchanges is also on the decline. Investors are swiftly moving their precious ETH off exchanges as they gear up for staking opportunities – you know, getting that passive income while they sit back and enjoy their lattes.
The Price Is Up, Up, Up!
And if you thought the excitement ended there, think again! Ethereum has been making a comeback from its recent Sunday lows, cruising back above $3,000. So, if you’re holding onto some ETH, now might just be the perfect time to pop the confetti!