When the total number of wallets in the network decreases, it is a sign of FUD and capitulation from newbie traders, which is often a bullish indicator for the price of the coin (since these liquidated coins are likely being bought up by larger whales and sharks who hold them for the long term).

Retail traders largely control the number of non-empty wallets in the network, given that there are a huge number of small wallets compared to whale wallets. With that said, here are the changes in non-empty wallets over the last month for notable top-cap assets:

🪙 Bitcoin (#BTC ): +11,263 (+0.02%)

🪙 Ethereum (#Ethereum ): +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%)