May 3
Sorted by greatest growth in the past 6 months, here is the net change of non-empty wallets among top market caps in #crypto (apologies to #BinanceCoin and #Solana, not pictured in this study):
#Toncoin $TON 16.8K wallets (+110% growth)
#Dogecoin $DOGE 6.6M wallets (+27% growth)
#Tether $USDT 5.7M wallets (+23% growth)
#USDCoin $USDC 2.1M wallets (+16% growth)
#Ethereum $ETH 120.7M wallets (+11% growth)
#Bitcoin $BTC 53.85M wallets (+10% growth)
#XRPLedger $XRP 5.2M wallets (+7% growth)
#Chainlink $LINK 727K wallets (+6% growth)
#Cardano $ADA 4.5M wallets (+0% growth)
Track how each network continues to grow any time with this link.
Grab a free Sanbase PRO trial to see these metrics, and hundreds of others, in real time here!
May 2
#XRPLedger has been seeing an abundance of dormant tokens moving to open up May. Our Token Age Consumed metric indicates that this was a remarkably similar spike in old coins being moved compared to the April 13th spike, just before markets tanked and $XRP dropped -16% in value.
This time around, however, there is an argument that this old coin movement is related to potential #buythedip interest from key stakeholders, and prices have been climbing mildly since this May spike occurred. Also, keep in mind the increasing open interest on exchanges, which has just reached a 3-week high.
Explore these metrics and others related to $XRP & your many favorite #altcoins here!
🗣️ With #cryptocurrency prices mildly recovering, the top trending keywords circulating around social platforms have remained fixed on #Bitcoin and how its market value may be impacted by the #Fed's unchanged interest rates.
View our updating dashboard here, and track how trending keywords change!
#Bitcoin's market value has rebounded to $59.3K, and the percentage of the network's available supply in profit is at 84.4%. This $BTC ratio is at its lowest level in 2 months. Lower levels generally justify more #bullish conditions.
Our latest #crypto market video, with our friends at NuggetsNews, discusses the volatility resulting from yesterday's #FOMC decision. We also look at whale activity and how the crowd will impact the prices of #Bitcoin, #Ethereum, and #Solana.
May 1
#Ethereum saw a milestone as April came to an end. 266.6K new wallets were created on April 28th and 29th, the highest 2-day stretch of network growth since October 8th and 9th, 2022. It is a strong that $ETH continues expanding despite dipping prices.
📺 After #Bitcoin's -6.0% drop in the past 24 hours, we're starting to see an appealing level of #FUD that could be indicating a relief rally is around the corner. Joined by our friend, @hashoshi4, enjoy our video market update here as we turn the page to May!