🐟 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%)