Cryptocurrency analytics firm Santiment has shared updated data on the number of holders of leading crypto assets at a time when crypto markets are experiencing a bullish rally. The data suggests that investor interest continues to grow over time.
The Bitcoin price managed to surpass $108,000 again today, approaching its all-time high price level record.
According to the evaluation published by Santiment, the cryptocurrency with the largest number of wallets was Ethereum (ETH). The total number of ETH owners was recorded as 148.38 million. It is followed by Bitcoin (BTC) with 55.39 million wallets.
Other notable altcoins and their number of owners are listed as follows:
- Dogecoin (DOGE): 7.97 million
- Tether (USDT): 7.79 million
- XRP (XRP): 6.53 million
- Cardano (ADA): 4.49 million
- USD Coin (USDC): 3.30 million
- Chainlink (LINK): 766 thousand
One reason why there are so many wallets holding Ethereum is that the gas fee required to move all Ethereum-based cryptocurrencies on-chain can be covered by paying just ETH, meaning many wallets hold at least enough ETH to cover the gas fees.
*This is not investment advice.
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