🚀 Despite mild price concerns throughout crypto as the weekend came to an end, Ethereum's network blasted off with an astonishing 206,290 new addresses created between January 24th and 25th. This was the highest surge in network growth since October 8, 2022.

😒 The 27-month high in daily wallet creation comes during a time when $ETH crowd sentiment has veered particularly negative as other altcoins have outperformed it. Regardless, due to DeFi and staking options for crypto's #2 market cap asset, Ethereum is still the entire sector's leader in total non-empty addresses.

🥳 With crypto coming to life again on Tuesday, commentary across social media reveals positive sentiment forming toward Solana, Dogecoin, and Cardano.

🤔 Meanwhile, things are much more polarized for top 3 assets Bitcoin, Ethereum, and XRP.

🗣️ The top trending tokens in crypto Tuesday are XRP and Ethereum, as traders show significant interest toward top caps during the rebounds:

🪙 1) XRP Ledger $XRP: Increased optimism over the asset's potential use in banking and financial transactions, highlighting its efficiency, low transaction costs, and role as a bridge currency for cross-border payments. There are predictions of significant price increases and market cap growth, as well as speculation surrounding potential ETF approvals that could lead to substantial investments in XRP.

🪙 2) Ethereum $ETH: Significant excitement over the launch of Soneium, an Ethereum Layer 2 blockchain developed by Sony. There are multiple transactions involving significant amounts of ETH, highlighting active trading and investment throughout the Ethereum ecosystem.

📊 As 2025 has kicked off with roller coastering prices for crypto's top assets, the amount of hodlers have fluctuated wildly since the new year:

🪙 Bitcoin $BTC: +102K Wallets
🪙Ethereum $ETH: +645K Wallets
🪙XRP Ledger $XRP: +58K Wallets
🪙Cardano $ADA: +2.8K Wallets
🪙Dogecoin $DOGE: +29K Wallets
🪙Chainlink $LINK: -3.3K Wallets

If wallets are rising fast, the community is comfortable in the project for the long-term. If wallets are dropping, there may be some excess FUD that indicates an opportunity to buy (as a contrarian to the panicking crowd).

📊 Average trading returns are a great representation of whether 'buying low' or 'selling high' is actually the right timing. Currently, wallets active in the past 30 days are in negative range for BTC, ETH, ADA, and DOGE, and the vast majority of altcoins.

When MVRV's are negative, this means a buy or addition to your holding is doing so while others are already at a loss. Historically, these 'blood in the streets' moments are when professional traders make money.

Trade with caution, and do not assume these opportunity zone signals will lead to an immediate turnaround. But probabilities are pointing to at least a short to mid term turnaround for crypto shortly, assuming economic or geopolitical factors don't get in the way. 🌎

📊 Bitcoin sits at just under $97K, and Ethereum back below $3.4K. The first week of January has still been mostly a bullish rebound to crypto's fade at the end of 2024. Altcoins like Stellar (+26%), Injective (+24%), & Cardano (+19%) look to continue their strong weeks.

📉 Crypto markets have opened the week retracing further, instilling panic toward the retail crowd. Particularly Bitcoin and Ethereum are seeing massive FUD from newer traders who joined markets in the past 2-3 months

These new traders have not seen mid-sized corrections before, and are expressing panic over foreign market conditions to them. Historically, when retail traders begin to sell based on panic and emotion, whales and sharks have opportunities to scoop up more coins with little resistance, creating bounces. It may or may not be immediate, but conditions are setting up in the right direction.🫡

😲 The past 2 years have seen big increases in cryptocurrency holders. Here are the number of non-exmpty wallets for crypto's top 4 coins by market cap:

Bitcoin $BTC: 54.7M (+27% rise)
Ethereum $ETH: 134.9M (+47% rise)
Tether $USDT: 6.57M (+66% rise)
XRP $XRP: 5.75M (+28% rise)

🐳 There are currently 104 whale wallets holding at least 100K Ethereum. Their combined holdings currently sit at 57.35% of all existing ETH tokens, currently worth ~$333.1B.

Meanwhile, wallets with 100-100K hold their lowest ratio of supply in history, 33.46%. And sub-100 ETH wallets hold a near 4-year low of 9.19%.

With the caveat that the #2 market cap is increasingly comprised of DeFi and staking wallets, it is still generally a bullish long-term signal when a coin's most prominent key stakeholders continue accumulating... especially when it's a 9 year-old asset with whales holding their highest ever portion of coins.👌

📈 Ethereum is seeing an 8-month high level of new wallets created. With an average of 130.2K addresses newly popping up on the network every day so far in December, ETH is seeing renewed interest it hasn't seen since April.