🐟 When a network's overall amount of wallets declines, it is a sign of FUD & capitulation from novice traders that is often a bullish indicator for the coin's price (since those liquidated coins are likely being bought by larger whales & sharks who are hodling for the long-term.

Retail traders largely control the amount of non-empty wallets on a network, considering there are an enormous amount of small wallets compared to whale wallets. With this said, here are the changes in non-empty wallets over the past month for notable top cap assets:

🪙 Bitcoin (BTC): +11,263 (+0.02%)
🪙 Ethereum (ETH): +1,950,000 (+1.50%)
🪙 XRP Ledger (XRP): +88,261 (+1.61%)
🪙 Cardano (ADA): -34,931 (-0.78%)
🪙 Dogecoin (DOGE): +109,410 (+1.65%)
🪙 Chainlink (LINK): +991 (+0.14%)

📈 Ethereum, currently sitting at $3.12K, is finally showing the growth that helped it climb to the #2 ranked market cap asset in crypto, largely staying in this position throughout the past 8 years.

Whale transaction data indicates a major spike in key stakeholder activity. These addresses played a major part in helping it reach a 14-week high. ETH transaction volume has also climbed as high as $10.4B in recent days.

Expect any growth from Bitcoin, during this bull run, to see profits redistribute into Ethereum and potentially push it toward its own all-time high while its network activity looks very healthy. 👍

#Ethereum ($ETH) is seeing strong bullish sentiment across social media, driven by: 🔹Price Predictions: Targets for ETH range from $3,000 to $10,000+, with optimism fueled by historical trends and anticipation of a breakout.

🔹Institutional Interest: Inflows into Ethereum ETFs signal growing interest from large investors, especially with favorable macro conditions.

🔹Pectra Upgrade: Set for Q1 2025, this upgrade will introduce key EIPs, potentially boosting ETH’s value.

🔹Market Dynamics: As Bitcoin’s dominance falls, ETH and other altcoins gain traction, indicating a shift toward altcoin investment.

🔹Whale Activity: Significant transactions show confidence, as whales position for future gains.

🔹Community Enthusiasm: Engaged ETH supporters express optimism, with phrases like "send ETH to $4k."

🔹Overall, price forecasts, institutional backing, tech upgrades, market conditions, and community support fuel a strong bullish outlook for Ethereum.

📊 As altcoins made huge runs post-US election, the rate of discussion toward crypto's top assets are directly correlating with price activity.

📌 Most eyes are still on Bitcoin as traders see whether it can surpass $80K by the end of the week
📌 Ethereum has made a recent jump in discussion rate by surpassing $2.9K and slightly outperforming Bitcoin (a rare sight) on Thursday
📌 Solana, XRP, and Dogecoin are all a bit under the radar as the community has shifted their sights on BTC and ETH. But prices are still performing well

🐳 Ethereum's whale activity spiked to a 6-week high as its price declined as low as $2.38K Friday. Historically, this is a sign of accumulation from high capital key stakeholders. Though not a guarantee this will have an immediate effect on prices bouncing, it is encouraging!

🧑‍💻 Here are crypto's top ERC-20 coins by development activity. Directional indicators represent each project's ranking positioning since last month:

➡️1) Chainlink $LINK 🥇
➡️2) Ethereum $ETH 🥈
📈3) Status $SNT 🥉
➡️4) sUSD $SUSD
📉5) Synthetix $SNX
➡️6) Decentraland $MANA
📈7) Lido $LDO
📈8) Fantom $FTM
📈9) Audius $AUDIO
📈10) Injective $INJ

📖 Read about the Santiment methodology for filtering notable github activity data from project repositories, and why it is so useful for crypto trading!

💸 Ethereum's average fees sit at just $1.63, reaching an affordable level that historically has encouraged traders to increase their transfer frequency.

ETH network fees have changed drastically over time as the blockchain nears 10 years of existence. But this 4-tier visual can help as an approximate guide to show how much modern fee costs are influencing traders' decisions to make transfers. 👍

🔗 Follow along with the daily fluctuations associated with ETH network gas fees here!

📊 We are proud to introduce the new and FREE 'Top CEX Deposits' dashboard from @santimentfeed. With this completely free tool, identify the largest deposits made by Ethereum-based assets over the past 24 hours. Filter by any coin, specific type of wallet, specific exchange, or exact wallet. Additionally, sort chronologically by:

🐳 Most recent
🐳 Largest value (in USD)
🐳 Highest % of total market cap moved

🧐 You can also look up the exact transaction hash for further investigation.

🧑‍💻 Consider our dashboard in Beta as we look to perfect and expand its functionalities. But consider the existing data available accurate and ready to use for your research, trading, and investing purposes.

🔗 Explore the link here, and help our team by sharing your feedback!

📉 There was a major increase in memecoin discussions yesterday as coins like Dogecoin and Bonk were surging. Typically, markets correct when focus shifts away from layer 1's and toward more speculative assets due to greed. Today, unsurprisingly, market-wide dips are occurring.

📊 Crypto markets are extra volatile today as Bitcoin has ranged between $67.8K and $64.8K in just the past 2.5 hours. Crowd sentiment is still firmly bullish toward Bitcoin (seeing 2x the bullish comments for every bearish one). Solana's traders are notably euphoric as well.