Crypto wallets for Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and XRP have experienced impressive growth over the past two years.

A recent report by Santiment, the market intelligence platform, examines the evolving patterns of non-empty wallets for BTC, ETH, USDT, and XRP, revealing substantial increases in wallet holders over the past two years. However, the top cap cryptocurrencies saw price declines in the past week following federal reserves’ recent comments.

Over the past week, Bitcoin saw an 8.1% decline in price. Ethereum fell by 15.7%, although it has started to recover. XRP also saw a 7.8% pullback in the past seven days and a 2.3% decline in the past 24 hours.

Ethereum Leads in Wallet Growth

Per Santiment, Ethereum wallets experienced the most substantial absolute increase among the four top assets. Wallet numbers climbed 47% over two years, totaling 134.93 million. 

Further insights into investor behavior reveal a steady rise in long-term holders, categorized as Hodlers, who retain assets for over a year. Hodler addresses increased by 1.57%, showcasing sustained accumulation among these investors. Mid-term holders, or Cruisers, grew by 0.97%, while short-term traders saw a 21.78% rise.

XRP Wallets See Parabolic Growth

Over the past two years, the number of non-empty XRP wallets has risen by 28%, reaching 5.75 million. The wallets demonstrated remarkable growth, particularly from October 18, 2024.

This coincides with XRP’s price action in this last quarter, where a notable uptrend picked momentum from mid-October.

Meanwhile, the price and wallet count increase corresponds with XRP’s development activity. Notable activity spikes occurred from late November, pushing development metrics to 25.57 as of this report.

Bitcoin and Tether Wallet Activity

Meanwhile, Santiment analysis revealed that Bitcoin wallet holders reached 54.66 million, a 27% increase over two years.

A separate observation tracking exchange inflows reveals a 4.1% 24-hour rise and a 38.9% weekly jump, suggesting increased market activity in the shorter term. 

Notably, per a December 11 report by The Crypto Basic, whales took advantage of price dips and created 342 new wallets holding over 100 BTC. Specifically, this occurred during the flash crash from $104,000 to $94,000.

It is worth noting that Tether wallets experienced the highest percentage growth among the top four assets. The number of wallets surged by 66%, reaching 6.57 million.