Dogecoin (DOGE) has gained more than 29,000 new wallets since January 1, according to on-chain analysis firm Santiment. The firm shared its findings earlier today (January 10) via X, alongside data showing how other major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP, Cardano (ADA) and Chainlink (LINK), have fared in terms of new wallet growth.
Dogecoin Hodlers On The Rise
“As 2025 has kicked off with roller coastering prices for crypto’s top assets, the amount of hodlers have fluctuated wildly since the new year,” Santiment writes via X, adding: “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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Santiment’s chart indicates that both Ethereum and XRP have seen significant holder gains at the onset of 2025. The firm observed a +645K jump in Ethereum wallets, while XRP recorded +58K. Meanwhile, Bitcoin maintained a +102K bump, and Cardano notched a more modest +2.8K climb. Notably, Chainlink holder numbers have dropped by 3.3K in the same time frame.
“XRP’s and Ethereum’s wallets keep growing in number, Chainlink’s are dropping, Cardano’s are finally showing positive turn-around,” the on-chain analytics firm noted. Trend line annotations show that XRP holders have grown by 1.0% since the start of 2025, Ethereum holders by 0.5%, and Cardano by 0.1%. In contrast, Chainlink has dipped by 0.5%. While the chart doesn’t show a specific number for Dogecoin, there’s a clear and strong uptrend.
However, Santiment’s in-depth analysis points out a notable decrease in overall trading volumes across the crypto landscape since mid-December 2024. Meme coins like Dogecoin, in particular, have been impacted, seeing a drastic reduction in speculative-driven trades. “Despite several bullish developments, overall trading volumes across the cryptocurrency market have been declining since mid-December 2024,” Santiment explains.
The firm reports that daily trading volume for the top 10 cryptocurrencies has dropped by an average of 13% over the past two weeks, with Ethereum experiencing the steepest decline at 17%. Exchanges such as Binance and Coinbase show spot trading…
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