Bitcoin is the Biggest Cryptocurrency, But It Doesn’t Have the Most Wallets — Here Are the Altcoins Users Hold the Most

Cryptocurrency analytics firm Santiment has shared updated data on the number of holders of leading crypto assets at a time when crypto markets are experiencing a bullish rally. The data suggests that investor interest continues to grow over time.

The Bitcoin price managed to surpass $108,000 again today, approaching its all-time high price level record.

According to the evaluation published by Santiment, the cryptocurrency with the largest number of wallets was Ethereum ($ETH). The total number of $ETH owners was recorded as 148.38 million. It is followed by Bitcoin (BTC) with 55.39 million wallets.

Other notable altcoins and their number of owners are listed as follows:

• Dogecoin (DOGE): 7.97 million
• Tether (USDT): 7.79 million
• $XRP ($XRP): 6.53 million
• Cardano (ADA): 4.49 million
• USD Coin (USDC): 3.30 million
• Chainlink (LINK): 766 thousand

One reason why there are so many wallets holding Ethereum is that the gas fee required to move all Ethereum-based cryptocurrencies on-chain can be covered by paying just $ETH, meaning many wallets hold at least enough $ETH to cover the gas fees.

*This is not investment advice.