Santiment just posted an interesting report on X about wallet holders situation for top cryptos: Bitcoin, Ethereum, XRP, DOGE, ADA, and LINK.
Santiment recently shared an update on the changing landscape of crypto wallet holders for top assets like BTC, ETH, XRP, DOGE, ADA, and LINK. Notably, most major cryptocurrencies experienced growth in their holder base during this period.
The report highlights that Ethereum led the way in absolute terms, adding an impressive 645,000 new wallets to its network. This translates to a 0.5% increase since the start of 2025. In comparison, Bitcoin saw a more modest addition of 102,000 new wallets.
Among the top cryptocurrencies, XRP also experienced growth in its holder base with an addition of 58,000 wallets, marking a 1.0% increase. Dogecoin continued to expand its community with 29,000 new wallets joining the network.
Interestingly, Cardano showed a smaller but steady increase in its hodlers with 2,800 new wallets, indicating a 0.1% growth in its holder base. However, not all major cryptocurrencies saw positive numbers. Chainlink stood out as an exception with a decline of 3,300 wallets, indicating a 0.5% decrease in its holder base.
These wallet trends often serve as indicators of investor sentiment and long-term confidence in various crypto projects. The growth in wallet numbers for most major cryptocurrencies suggests sustained interest from market participants.
On the other hand, Chainlink's decrease in hodlers might indicate some level of temporary uncertainty among its holders. However, Santiment adds that “there may be some excess FUD that indicates an opportunity to buy (as a contrarian to the panicking crowd).”
The contrast between Ethereum's substantial wallet growth and Cardano's smaller increase provides interesting insights into the current state of various blockchain networks. While percentage changes help us understand the relative growth, the absolute numbers reveal the true scale of adoption across different platforms.
For contrarian investors, Chainlink's current situation might be particularly interesting. While some holders are reducing their positions, historically, such periods of decreased holder confidence have presented opportunities for those who take a counter-position to market sentiment. However, as with any market movement, these trends should be considered in conjunction with other fundamental and technical factors.
