Oh, look who’s back! Ethereum just set a new record for creating 393,600 new wallets in a single day. Because nothing says “I’m a crypto enthusiast” like creating a wallet on a day when the price is just… meh. 🤷♀️
Meanwhile, ETH is trading below its 2025 peak, which is like a 20-something-year-old who’s still in their parents’ basement but insists they’re “building their brand.” Yet here we are, with a wave of new users who clearly care more about utility than trying to get rich quick. #NotMyFirstRodeo
A Network Activity Explosion
Santiment says Ethereum’s been churning out 327,000 new addresses a day. That’s more than your ex’s Instagram likes. The culprit? A technical upgrade so good, it’s like giving Ethereum a coffee and a pep talk. 🧠💥
The Fusaka upgrade? It’s basically the crypto version of a “you’ve got mail” pop-up. Lower fees, smoother interactions, and suddenly everyone’s like, “Oh, I guess I’ll create a wallet now.”
Stablecoins are also playing a starring role. $8 trillion in transfers? That’s like if your bank account was a spaceship. 🚀
Social data? It’s basically a crypto version of a therapy session. New users are joining, even while ETH is doing the “I’m fine, really” dance. 🕵️♂️
Price Action Firms Up as Traders Rebuild Positions
ETH is now at $3,300. Up 6% in 24 hours, but still 33% below its peak. Like a breakup that’s still in the “we’re not broken, we’re just… different” phase. 💔
Traders on X are now more obsessed with $3,300 than their exes. Ted Pillows is like, “If it breaks $3,450, we’re golden!” Meanwhile, CW is screaming, “Don’t let it hit $3,700!”
Ethereum’s open interest is now higher than a tech bro’s Instagram posts. 📈
So, what’s the takeaway? A record number of wallets, a price that’s still figuring itself out, and a whole lot of people pretending they know what’s going on. 🤡
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2026-01-14 21:31