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Sell Off? Dogecoin Whales Shift 219M DOGE Worth $74 Million to Coinbase

Elendu Benedict
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Whales are liquidating significant amounts of crypto assets despite the market rebound, with Dogecoin the latest to see a potential sell-off.

The global crypto market cap has grown 1.49% in the past 24 hours, trading at $3.31 trillion. The notable uptick culminated with a market rebound, with Bitcoin reclaiming $95,000 and Dogecoin $3.3.

Meanwhile, whale activities seem to suggest a cautious approach among market participants. Large holders have continued to dump their assets, with a recent Dogecoin whale transaction catching attention.

Dogecoin Whales Move Hefty Funds to Coinbase

Whale Alert pointed to a notable Dogecoin shift on Friday. In two parallel tweets, the on-chain tracker uncovered possible DOGE sales worth a combined $74 million.

Interestingly, on-chain analysis shows that the two transactions happened simultaneously, raising curiosity within the Dogecoin community. The two distinct wallets shifted the tokens to the same exchange.

In the first reported transaction, wallet address “D8hi4d” transferred 112.6 million DOGE to “D6Dz1p,” identified as a Coinbase Deposit wallet. The transaction, worth nearly $38 million, occurred by 11:01 (UTC) on Friday.

Concurrently, another wallet, “D7fXyK,” moved 106.4 million DOGE to the Coinbase Deposit address. Meanwhile, the two addresses had nothing after the transaction, emptying their holdings for a potential sell-off on Coinbase.

Dogecoin Trades at a Crucial Support

While Dogecoin has shown signs of life today, the meme coin still trades near crucial support, as analyst Crypto Zeinab has identified. The meme coin consolidated around the area between $0.3435 and $0.3085 for days before a January 3 breakout turned the former resistance into support.

How Dogecoin handles the demand area would determine its next price action. Analysis shows the doggy-themed token could bounce from the region to retest its January 4 high of $0.3988 or fall further to the 0.618 Fibonacci level at $0.2730.

In the meantime, DOGE trades at $0.3309, up 3% in the past 24 hours.

Top Analyst Identifies Two Favorable XRP Entry Points to Benefit from Incoming $11 Rally

Abdulkarim Abdulwahab
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Top Analyst Identifies Two Favorable XRP Entry Points to Benefit from Incoming $11 Rally

After consecutive days of bearish movement, XRP is swiftly recovering, with an analyst identifying favorable entry points for XRP’s potential $11 rally.

At press time, XRP is hovering around $2.31, posting a modest 0.29% 24-hour gain. However, the current value reflects a 4.39% rebound from XRP’s latest weekly low of $2.2129.

This recovery comes as Bitcoin reclaimed $95K today after crashing to $91K earlier in the week. The momentum is spilling over to altcoins like XRP.

Amid this, analyst Ali Martinez took to X to project that XRP could rally above $10. However, his commentary suggests he does not expect the run to $10 to occur during the ongoing market recovery.

Two Favorable XRP Entry Points

Martinez noted that XRP enthusiasts still have a favorable entry point for the token at $2.05. This sentiment suggests a dip from the current $2.31 level is still a possibility.

Notably, the $2.05 price point is inspired by the lower side of the rising trendline of the pennant formation unfolding on the XRP 12-hour chart.

Additionally, he highlighted that those who miss loading up on XRP at this projected low could have another opportunity at the $2.50 level. This price coincides with a breakout from the pennant formation.

Martinez concluded that regardless of which entry point one chooses, a price above $10 remains a feasible destination for XRP. This aims to reassure current holders not to be concerned with short-term price fluctuations.

Notably, attaining $10 from the current level would represent a 333% upside for current XRP holders.

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XRP 12-hour chart by Ali Martinez

How XRP Will Journey to $11

Meanwhile, XRP’s journey above $10 is not expected to be a smooth ride, as Martinez’s charts highlight several ups and downs aligned with key Fibonacci levels.

First, upon a break to the upside, XRP would need to overcome the $3 roadblock. Successfully breaking this seven-year resistance would generate enough explosive momentum to push XRP to $4.70 shortly after. This price aligns with the 1.272 Fibonacci level.

However, a retest of $3.70 will follow the run to $4.70. A recovery from this level would then drive XRP into the $6 price range.

The pattern of post-breakout retests of earlier lows and rebounds will continue until XRP reaches the $11.80 price. This unprecedented value aligns with the 1.786 Fibonacci level.

XRP Downside Risk

While the upside potential of XRP is promising, significant downside risk remains. Specifically, concerned community member Amir Kani sought Martinez’s view on the likelihood of XRP breaking down instead of breaking out from the triangle formation.

The analyst acknowledged the possibility and noted that $1.50 would be the target to watch, as this aligns with the 0.618 Fibonacci level.

WhiteBIT TR And Misyon Bank Sign Agreement

Albert Brown
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WhiteBIT TR And Misyon Bank Sign Agreement

The Turkish cryptocurrency sector ushered in 2025 with a significant milestone. WhiteBIT TR cryptocurrency exchange has announced a strategic partnership with Turkey’s first neobank, Misyon Bank. This collaboration will enable Misyon Bank to connect with individual investors across Europe through WhiteBIT TR, marking its third major initiative of the latter in the digital assets space, following two global partnerships.

As per the agreement between MisyonTech, the financial technology and digital asset subsidiary of Misyon Bank, and WhiteBIT TR, the latter will provide liquidity for major cryptocurrencies, including BTC, ETH, USDC, USDT, and AVAX, on Turkey’s first bank-secured crypto asset platform, which also features advanced tokenization capabilities.

At the signing ceremony, Emre Yetişkin, Chairman of the Board of WhiteBIT TR, emphasized that Misyon Bank, listed in the Capital Markets Board’s Crypto Asset Service Providers List, is the first institution in Turkey authorized to offer both custody and platform services in the cryptocurrency sector. Yetişkin stated, “Turkey, as a regional leader in the crypto asset sector, also dominates stable cryptocurrency trading volumes in the region. We commend the progress Misyon Bank has made as a pioneer in Turkey’s digital asset space, aligning with global trends while showcasing a forward-thinking regional vision. We are proud to contribute to Misyon Bank’s journey as it advances toward its ambitious goals.”

“We reached over 100,000 users in a short time”

Evaluating WhiteBIT Group’s position in the global and Turkish markets, Yetişkin said, “The high performance behind this success lies in being one of the safest exchanges in the world and our asset diversity. We offer more than 330 digital assets and 440 trading pairs to our users. In Turkey, where we have been operating with a 100% compliance commitment since 2022, we reached over 100,000 users in just six months.”

“Secondary regulations are strengthening Turkey’s position as a regional investment hub”

Muhammet Cerit, CEO of MisyonTech, stated, “Turkey ranks first in Europe, second in MENA, and third in the world in terms of crypto asset ownership. This year, we took significant steps in regional expansion with global partnerships across 25 countries in Africa and the Middle East. The agreement we signed today with WhiteBIT TR is the first stage of our goal to reach individual investors in Europe. WhiteBIT TR, which has been serving Turkish users since 2022, is one of the exchanges that knows our country and market, standing out in Turkey with its speed and security features. We are happy to partner with a strong ally that will support our goals of expanding our investor base both in Turkey and globally and providing access to Turkish assets for foreign individual investors.”

During the signing ceremony, Cerit also answered questions about digital asset regulations in Turkey, stating, “The initial regulations on digital assets in our country have strengthened Turkey’s position as a regional investment hub. We expect the completion of secondary regulations in the first month of 2025, which will also renew crypto investors’ confidence in the market. In this context, our platform is ready to meet the growing supply of crypto assets, both for custody and trading operations.”

WhiteBIT Group is actively developing the direction of crypto-as-a-service for the B2B sector. It currently has more than 1,300 institutional clients and is open to partnerships with banks, digital payment providers and other financial institutions. Thus, WhiteBIT and Visa recently introduced the first debit card for crypto payments. By incorporating crypto solutions into business, financial institutions can enhance functionality and unlock new revenue streams by providing customers with opportunities to purchase crypto with fiat, store digital assets, create crypto wallets, and more. WhiteBIT Group is ready for new collaborations and expanding its influence on international markets.

About WhiteBIT TR

WhiteBIT, Europe’s largest cryptocurrency exchange, established WhiteBIT TR in April 2024 with a Turkish team. Within six months, the crypto exchange surpassed hundreds of thousands of active users, operating in full compliance with Turkey’s regulations. WhiteBIT TR fully adopts the technology and security measures of a global platform that became the first exchange to achieve the highest cryptocurrency security standard level. The company has successfully passed the CryptoCurrency Security Standard (CCSS) certification, which secured the top position in the CER.live cryptocurrency exchange security ranking, achieving a perfect score of 100 out of 100.

WhiteBIT, a sponsor of FC Barcelona and FC Trabzonspor, has achieved significant growth through WhiteBIT TR, surpassing 100 corporate clients and ranking among the top 10 cryptocurrency applications. With a portfolio of over 330 digital assets and 440 trading pairs, WhiteBIT TR provides a range of B2B and VIP services, including crypto-as-a-service. WhiteBIT TR continues to enhance the WhiteBIT Group’s product ecosystem which includes WhiteBIT Coin (WBT) operating on its proprietary blockchain, Whitechain, while delivering optimal conditions for all its clients.

About Misyon Bank

Misyon Bank, Turkey’s first neobank, is progressing with the goal of becoming the region’s leading investment bank by focusing on custody, platform, service banking, and digital asset services to meet the needs of the new economy.

With the largest custody ecosystem in Turkey, Misyon Bank has localized and strengthened Swiss custody technology in collaboration with ITU Teknopark. Offering securities custody services under the “anakasa” brand to the capital markets, Misyon Bank has completed its preparations in the digital asset custody space and, together with its subsidiary MisyonTech, is listed in the Capital Markets Board’s Crypto Asset Service Providers List. Misyon Bank is the only institution in Turkey authorized to provide both custody and platform services in the cryptocurrency field.

$2.2B in Bitcoin and Ethereum Options Expire With Bullish Outlook, but There’s a Catch

Okoya David
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$2.2B in Bitcoin and Ethereum Options Expire With Bullish Outlook, but There’s a Catch

Over $2.2 billion in Bitcoin and Ethereum options expire with moderately bullish outlook.

Crypto assets have had a whirlwind week marked by optimism and despair. Prices started off strong, only to rapidly shed all of the previous week’s gains amid continued macroeconomic headwinds.

Capping off this whirlwind week is a significant options expiry. While the data appears to be moderately bullish, there is a catch.

$2.2B in Bitcoin and Ethereum Options Expire

Over $2.2 billion in Bitcoin and Ethereum options expired by 8:00 UTC on Friday, January 10. Specifically, the Bitcoin market saw 19,000 BTC options worth $1.81 billion expire with a 0.65 put-call ratio and a max pain point of $97,000.

Meanwhile, the Ethereum market saw the expiry of 141,000 ETH options worth $460 million with a put-call ratio of 0.48 and a max pain point of $3,450.

The expiry of the options contracts with put-call ratios below 0.7 suggests bullish sentiment, especially for Ethereum, as it suggests that for every five puts, there are roughly ten calls.

Further, per the max pain theory, Bitcoin’s price is supposed to edge higher toward $97,000 while Ethereum gravitates toward $3,450 as market makers adjust their position to minimize losses.

For context, Bitcoin is currently exchanging hands for nearly $95,000, while Ethereum trades around $3,300.

Despite this seemingly positive data, recent market weakness may offer traders pause for thought in the coming weeks, according to options trading kit provider Greeks.live.

This week, Bitcoin dropped nearly 11% from almost $103,000 to as low as $91,000. On the other hand, Ethereum tanked nearly 14% from about $3,700 to $3,200. The market decline came as stronger-than-expected U.S. job numbers doused interest rate cut expectations.

All Eyes on Bitcoin and ETF Inflows?

Amid the macroeconomic headwinds, Greeks.live has noted that traders will look to Bitcoin’s price action and ETF flows in the coming week to recalibrate their positions.

Greeks.live noted that while Donald Trump’s looming inauguration could offer some tailwinds, more long-term benefits were needed. Trump’s election victory was notably the biggest catalyst for the crypto market’s Q4 2024 rally, as investors anticipate favorable regulatory conditions.

SUI Reclaims $5: Can the Breakout Run Reach $5.89?

Albert Brown
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SUI Reclaims $5: Can the Breakout Run Reach $5.89?

With a bullish comeback, SUI has surpassed the $5 mark. Will the increased momentum lead to a new all-time high at $5.89?

Over the past 24 hours, the SUI token has experienced a significant recovery of 10.93%. By reclaiming the $5 psychological level, SUI’s market cap has risen to $15.41 billion.

As the altcoin rises against the bearish trend in the broader crypto market, the recovery suggests the potential for a new all-time high.

SUI Price Analysis

On the 4-hour chart, the SUI price trend shows a bullish comeback from a local support trendline, confirming renewed buyer interest. Multiple lower price rejections at the $4.50 psychological level reveal a double-bottom reversal, indicating strong accumulation at lower levels.

COINBASE:SUIUSD Chart Image by Trojan69420

Additionally, the bullish move has resulted in a 13.55% surge from the low of $4.4957 to the current price of $5.10. This recovery has helped SUI surpass the 61.80% Fibonacci retracement level at the $5 mark, signaling increased bullish momentum.

With this recovery, the 4-hour RSI line has moved back above the halfway mark, indicating improving market sentiment.

Moreover, the bearish crossover between the 20 and 50 EMA lines has been avoided, reinforcing the optimistic outlook.

Overall, technical indicators are signaling renewed bullish momentum, with buyers regaining control.

SUI Price Targets

Based on Fibonacci levels, the bullish trend is approaching the 78.60% level at $5.17, strengthening the upward movement. However, the key resistance remains near the $5.35 level, which could act as a potential hurdle.

The current recovery hints at a rounding bottom reversal targeting the $5.35 resistance zone, setting the stage for a breakout. If a breakout occurs, the Fibonacci levels suggest a potential target of $5.89. On the other hand, if momentum fails to hold, SUI may retest the $5 psychological level.

Expert Identifies Pattern That Could Pump Ethereum to $7k

Albert Brown
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Expert Identifies Pattern That Could Pump Ethereum to $7k

An analyst highlights massive upside potential for Ethereum (ETH) price with targets at $6,000 and $7,000.

With Bitcoin resurfacing above the $94,000 level, Ethereum is also gradually recovering.

Over the past 12 hours, the altcoin king has bounced back from a low of $3,095 to its current market price of $3,281, marking a nearly 4% recovery. This suggests an extended rally if the broader market maintains its momentum.

Analyst Finds Ethereum Reversal Chances under $3,000

According to crypto analyst Ali Martinez, Ethereum could experience a major rebound. The recent pullback has caused Ethereum to drop below the halfway point of a rising channel pattern.

Martinez predicts that Ethereum’s price could retest the lower boundary of the rising-channel pattern around the $2,800 mark.

According to him, the price could act as a launchpad for a new bullish trend. Specifically, the rebound from the ascending demand line could send Ethereum to $6,000.

 

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Supporting the bullish outlook, Martinez also pointed to a potential inverted head and shoulders pattern forming in Ethereum’s price trend.

On the 12-hour chart, the ongoing pullback could complete the right shoulder of this pattern, with the neckline near the $4,000 psychological level. However, the short-term pullback may conclude near $2,900.

This could present a great buying opportunity. Based on this bullish pattern, the price could eventually reach the $7,000 target.

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Ethereum Derivatives Show Short-term Bearish Control

Despite the bullish price forecast, short-term bearish sentiment is dominating Ethereum derivatives. Ethereum’s open interest has dropped by 1.25% to $29.30 billion.

Meanwhile, the long-to-short ratio remains below 1, indicating a higher number of bearish positions. Additionally, funding rates have fallen from 0.0075% to 0.0041%, reflecting reduced interest in holding leveraged bullish positions.

To summarize, as Ethereum navigates this crucial phase, key levels like the $2,800 support and $4,000 breakout remain crucial for its price trajectory.

While short-term bearish dominance is evident in the declining open interest and long-to-short ratio, long-term holders may find lucrative entry opportunities at the current discounted prices.

Bitcoin Goes Mainstream as 56% of Financial Advisers Show Interest in Crypto

Elendu Benedict
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Bitcoin Goes Mainstream as 56% of Financial Advisers Show Interest in Crypto

Bitcoin and crypto have become incessantly appealing to financial advisers, with a recent survey showing more than half of them are willing to gain exposure.

Asset manager Bitwise recently published the bullish statistics collated in collaboration with the data-driven ETF platform VettaFi.

The annual report, “Bitwise/VettaFi 2025 Benchmark Survey of Financial Advisor Attitudes Toward Crypto Assets,” highlighted the disposition of about 430 financial advisers toward cryptocurrency.

Advisors Willing to Meddle with Bitcoin

Out of the 430 survey advisers, over 240 have expressed willingness to invest in cryptocurrencies in 2025. The survey, conducted between November 14 and December 20, 2024, shows that the increase in susceptibility followed Donald Trump’s election win.

For context, the 47th US President flirted with the crypto industry pre-elections, lauding Bitcoin as the currency of the future. Trump promised to create a conducive environment for digital assets upon reelection, sparking interest among US investors.

The president’s friendly stance has provoked the interest of financial advisors, with 56% of them aligned toward buying Bitcoin and crypto this year. Meanwhile, the increased susceptibility also emerges from growing demands among clients.

Advisers disclosed that 96% of their clients have asked about cryptocurrencies, a new all-time interest high. Interestingly, this growing interest trounces expectations, considering the sentiments around the digital asset sector a few years back.

Financial Advisors Investing Like Never Before

Furthermore, the survey discloses that 99% of councilors already invested in Bitcoin intend to maintain or extend their allocation to the sector this year. Notably, they increased their clients’ crypto exposure from 11% in 2023 to a record 22% last year.

Meanwhile, an impediment to the large-scale adoption exists. The survey shows that 35% of financial advisers are still unable to procure Bitcoin for client accounts.

Another 50% stated that regulatory constrictions have impeded their exposure. However, this is down from the 65% earlier reported, signaling considerable progress.

Bitcoin Nears Mainstream Era

The crypto asset’s recent surge into the limelight has not only attracted financial advisers. Notably, corporate firms and nations have also turned to it. Analysts expect this traction to reach unprecedented levels if Donald Trump approves the US Bitcoin strategic reserve as industry leaders anticipate.

Market speculators have insisted that Bitcoin will surge to new highs upon the reserve creation, with targets like $175,000, $200,000, and an ambitious $500,000. In the meantime, the pioneering cryptocurrency exchange hands at $94,818, recovering from a steep downside below $92,000 on Thursday.

Why $88K is the Bitcoin Price Level to Watch According to Glassnode

Albert Brown
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Why $88K is the Bitcoin Price Level to Watch According to Glassnode

Glassnode asserts that the $88,000 price point is the key level to watch for Bitcoin investors seeking to gauge the asset’s momentum.

After running to new price highs of around $108,000 in early December 2024, Bitcoin‘s momentum has been largely subdued in recent weeks amid macroeconomic headwinds. Most recently, this saw the asset’s price drop nearly 11% from about $102,700 to as low as $91,200 before rebounding to trade near $95,000 at the time of writing.

Amid the uncertainty, a prominent crypto analytics platform has identified a key level for investors to watch to gauge the asset’s trajectory.

Glassnode Points to $88K

Glassnode has asserted that the $88,000 price point is the key level to watch for Bitcoin investors seeking to gauge momentum. The firm disclosed this in an X post on Thursday, January 9, highlighting that it represented the cost basis of short-term holders.

The metric is important as short-term holders tend to sell as the market price approaches their cost basis, also known as realized price.

Glassnode notes that such a reaction could trigger a significant price decline as Bitcoin does not appear to have considerable price support immediately below this level. The firm arrived at this conclusion using the UTXO Realized Price Distribution, which shows the prices at which market participants last moved coins.

BTC UTXO Realized Price Distribution chart
BTC UTXO Realized Price Distribution chart. Source: Glassnode

According to the chart, below $88,000, Bitcoin’s next significant support could be around the $73,000 price point, citing volumes last moved at that price.

Glassnode’s view received significant support from prominent crypto analyst Ali Martinez, who described the price range as “free fall territory.”

Potential Volatility Ahead

While the would-be catalyst for such a price drop is presently unclear, Glassnode’s insights come ahead of the release of key U.S. economic data on Friday, January 10, including the Non-Farm Employment Change and Unemployment Rate.

These data releases could lead to significant market volatility if they come in weaker or stronger than economists have predicted, as they could impact the Federal Reserve’s interest rate considerations. 

Interestingly, veteran trader Peter Brandt has suggested in recent weeks that a deeper Bitcoin correction, specifically below the $89,000 level, may be necessary before it can rally to new highs. At the same time, he has highlighted that the asset could be forming a head-and-shoulders pattern on the daily candle chart with a target around $73,000.

Bitcoin (BTC) Price Tops $94k: V-shaped Recovery Eyes $96k

Albert Brown
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Bitcoin (BTC) Price Tops $94k: V-shaped Recovery Eyes $96k

Will the short-term recovery in Bitcoin (BTC) price, reflecting bearish exhaustion, push the price back above $95k?

After a brief recovery over the past 24 hours, Bitcoin’s price has reclaimed the $94,000 level, initiating a V-shaped recovery from a low of $91k.

Will this recovery drive Bitcoin’s price toward the $100,000 mark?

Bitcoin Price Analysis

On the 4-hour chart, the BTC price trend reveals significant demand for Bitcoin at the $90,742 support level, resulting in an early reversal from the 24-hour low of $91,215. This reversal has led to three consecutive bullish candles.

Bitcoin Price Chart
Bitcoin Price Chart

Moreover, the bulls have managed to reverse the large 4-hour bearish engulfing candle, which had caused a 2.45% drop the previous night. However, the ongoing correction has caused the 50 and 200 EMA lines to converge, threatening a potential death cross.

As mentioned in our previous article, the bullish divergence in the RSI line led to a quick reversal rally after trapping the bears below the $92,654 support level. With the rising RSI, momentum is clearly increasing, suggesting that a bottom may be forming in the ongoing correction.

Bitcoin Derivatives Turn Green 

Despite the short-term recovery, the 24-hour liquidations in the crypto market have reached $367 million, with bullish players losing $254.53 million.

However, short-term recovery is evident, with $13 million in liquidations occurring over a 4-hour period—$10.48 million of which came from bearish positions.

Bitcoin Derivatives
Bitcoin Derivatives

The Bitcoin derivatives data shows that open interest is holding steady above $60 billion, currently at $61.02 billion. The long-to-short ratio has improved slightly to 0.9539. While the ratio is still below 1, it favors shorts.

Additionally, the funding rate is gradually improving, rising from 0.0010% to 0.0044%. This suggests increased demand for long positions as traders grow more optimistic about Bitcoin’s recovery.

BTC Price Target

As the recovery continues, Bitcoin is approaching the $95,190 resistance level, with bulls gradually taking control. Based on BTC price action, a breakout could face resistance at the 200 EMA, which sits at $96,216.

On the other hand, a reversal from the 20 EMA near the $95,119 level could test the $90,742 support level.

Bitcoin, XRP, Cardano, and Dogecoin See Massive Growth in Wallets Amid Market Dip

Abdulkarim Abdulwahab
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Bitcoin, XRP, Cardano, and Dogecoin See Massive Growth in Wallets Amid Market Dip

While the prices of leading assets like Bitcoin, XRP, Cardano, and Dogecoin have been bearish, on-chain activity surrounding these coins suggests a different story.

Yesterday, Bitcoin revisited lows of $91K after trading above $102K earlier this week. Likewise, Dogecoin came close to losing the $0.30 region after attempting to reach $0.40 just four days ago. A similar bearish sentiment is observable with Cardano (ADA), which lost its $1 mark, and XRP, having touched $2.20.

However, despite the bearish performances of these large-cap tokens, the number of non-empty wallets for these assets has been rising since the new year. Intelligence platform Santiment shared data on this development in a tweet today.

According to the report, while assets like Ethereum and Bitcoin surge in wallets, others, such as Chainlink, are experiencing declines.

Ethereum and Bitcoin Dominate the Leaderboard

Ethereum (ETH) stands out as the top gainer, adding 645,000 new wallets since the beginning of the year. This represents a 0.5% rise in ETH holders so far in 2025.

This growth reflects increasing confidence in Ethereum’s ecosystem, even though the price of Ethereum has dipped by 1.16% since January 1. The percentage loss becomes more pronounced when considering that ETH was worth $3,743 four days ago but is now trading at $3,300.

Meanwhile, Bitcoin (BTC) follows with an increase of 102,000 wallets since January 1. However, unlike Ethereum, Bitcoin price has a 1.12% year-to-date gain, solidifying its position as a more stable asset amid market fluctuations.

XRP Gains Momentum

Furthermore, XRP has aligned itself more closely with Bitcoin and Ethereum, following them with the most significant increase in wallet holders. Specifically, XRP has registered an additional 58,000 new wallets in 2025, representing a 1.0% growth in holders.

The continued interest in XRP may be due to hopes for favorable regulation and institutional adoption via an ETF this year.

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Chart showing XRP, Ethereum, Dogecoin, Cardano wallet increase by Santiment

Cardano and Dogecoin: Steady but Slow Growth

Meanwhile, Cardano (ADA) has added only 2,800 wallets since the start of 2025. This modest 0.1% increase signals cautious but steady interest in the platform. Despite the dip in price to $0.96, ADA has posted a 14% YTD gain.

Similarly, Dogecoin (DOGE) saw an uptick of 29,000 wallets, reflecting the meme coin’s enduring appeal among retail investors. With its price at $0.3358, Dogecoin has gained 7% since the beginning of the year.

Chainlink Faces Decline

On the other hand, Chainlink (LINK) recorded a loss of 3,300 wallets, marking a 0.5% decrease in its holder base. This drop may indicate a growing FUD surrounding the project, according to Santiment. 

However, contrarian investors might view this decline as a buying opportunity, betting on a rebound once market sentiment stabilizes. For context, LINK has fallen by 11% over the last 30 days, while its YTD gain stands at 1.2%.

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