📈 Ethereum has just hit a 4-month high in network growth, on a day (Sunday) that is traditionally the least active of the week. 126,210 new wallets created is indicative of rising network utility and anticipated price bounces from the $2,200-$2,300 level.

📺 Our latest video market update with ThinkingCrypto looks at the whales' continued coin-hoarding ways. We also discuss whether the dying meme coin hype (for now) is exactly what crypto needs for a bounce!

📈 Ethereum continues to separate itself from Bitcoin in terms of wallet growth:

🪙 Bitcoin: 54.18M Total Holders (-0.1% in 3 Months)
🪙 Ethereum: 126.96M Total Holders (+3.3% in 3 Months)
🪙 Tether: 5.99M Total Holders (+4.0% in 3 Months)

🐳 The decline in overall whale activity across most crypto assets has become more and more noticeable. Peak 2024 $100K+ transaction weeks for BTC & ETH compared to recently:

Bitcoin:
March 13-19: 115.1K Whale Transactions
August 21-27: 60.2K Whale Transactions

Ethereum:
March 13-19: 115.1K Whale Transactions
August 21-27: 31.8K Whale Transactions

Be mindful that a decline in whale activity doesn't necessarily mean they are dumping or prices are likely to drop as a result. Top addresses notoriously become most active during times when volatility is at its highest.

Overall, among activity that is happening from whales, Santiment data still indicates a steady flow of accumulation despite less overall transactions.

🧑‍💻 In terms of each crypto ecosystem's total development activity events, Ethereum remains on top. But Solana, Avalanche, and Cosmos are the fastest risers.

Bookmark the completely FREE Santiment Development Activity Dashboard to keep tabs here: https://app.santiment.net/dev-activity