2024 was a prominent year for the world’s largest cryptocurrency Bitcoin (BTC). The asset managed to move beyond the coveted $100,000 mark. While several other coins in the market followed suit and went on to claim new peaks, Ethereum (ETH) stood on the sidelines. The altcoin failed to reclaim its all-time high of $4,891. Despite this, the optimism and interest in Ethereum did not seem to die as it continued luring in investors.
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Ethereum Outshines Bitcoin
According to recent data from Santiment, the total number of wallets of top cryptocurrencies has witnessed a major uptick. This has reportedly occurred since the beginning of the new year. The firm revealed that Ethereum and XRP holders increased by a notable margin. Since the start of 2025, the total number of ETH wallets stands at 645K. This represents a 0.5% rise since the start of the year.
XRP saw a 1% increase in holders since the beginning of 2025 and the number of wallets is at 58K. Bitcoin, the world’s largest cryptocurrency currently has more than 100K wallets.
Further elaborating on the reason behind this rise, Santiment said,
“If wallets are rising fast, the community is comfortable in the project for the long-term. If wallets are dropping, there may be some excess FUD that indicates an opportunity to buy (as a contrarian to the panicking crowd).”
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Current Market Scenario
During the time of writing, Bitcoin was trading at $94,940 with a dainty price increase of 1.50% over the past 24 hours. The king coin hit an all-time high of $108,268.45 last month. The asset is currently 12% below this peak.
Meanwhile, Ethereum was priced at $3,311.14, during press time. The asset barely witnessed an uptick or a drop throughout the past day. While the community is expecting to see ETH hit $5,000 this year, it continues to trade 32% below its all-time high.
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