While the prices of major assets such as Bitcoin, XRP, Cardano, and Dogecoin have been bearish, the on-chain activity around these coins suggests a different story.
Yesterday, Bitcoin revisited a low of $91,000 after trading above $102,000 earlier this week. Likewise, Dogecoin nearly lost the $0.30 region after attempting to reach $0.40 just four days ago. Similar bearish sentiment is seen with Cardano (ADA), which lost the $1 mark, and XRP, which touched $2.20.
However, despite the bearish performance of these large-cap tokens, the number of non-empty wallets for these assets has been increasing since the new year. Santiment Intelligence Platform common data on this development in a tweet today.
According to the report, while assets like Ethereum and Bitcoin are increasing in wallets, others, like Chainlink, are experiencing decline.
Ethereum and Bitcoin dominate the ranking
Ethereum (ETH) stands out as the biggest gainer, adding 645,000 new wallets since the start of the year. This represents a 0.5% increase in the number of ETH holders so far in 2025.
This growth reflects growing confidence in The Ethereum ecosystem, even though the price of Ethereum has fallen by 1.16% since January 1st. 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’s price has increased by 1.12% year-to-date, solidifying its position as a more stable asset amid market fluctuations.
XRP gains momentum
Additionally, XRP has aligned itself more closely with Bitcoin and Ethereum, following them with the most significant increase in wallet holders. Specifically, XRP recorded an additional 58,000 new wallets in 2025, representing 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.
Cardano and Dogecoin: steady but slow growth
In the meantime, Cardano (ADA) has added just 2,800 wallets since the start of 2025. This modest 0.1% increase demonstrates cautious but steady interest in the platform. Despite the price dropping to $0.96, ADA has seen a 14% year-to-date gain.
In the same way, Dogecoin (DOGE) saw an increase 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 start of the year.
Chainlink faces decline
On the other hand, Chain link (LINK) recorded a loss of 3,300 wallets, marking a 0.5% decrease in its holder base. This drop could indicate growing FUD around the project, according to Santiment.
However, contrarian investors could view this decline as a buying opportunity, betting on a rebound once market sentiment stabilizes. As a reminder, LINK has fallen 11% over the past 30 days, while its year-to-date gain stands at 1.2%.
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