Despite the bearish performance in the prices of leading cryptocurrencies such as Bitcoin, XRP, Cardano, and Dogecoin, on-chain activity suggests a different story. The number of wallets holding these assets has been increasing since the beginning of the year. Ethereum has seen the largest increase in wallets, with 645,000 new wallets added, while Bitcoin follows with 102,000 new wallets. XRP has also seen a significant increase in wallet holders with 58,000 new wallets. Cardano has seen a modest increase of 2,800 wallets, while Chainlink has experienced a decrease of 3,300 wallets. This data suggests increasing confidence in Ethereum's ecosystem and potential interest in XRP, while Chainlink may be facing growing FUD. Contrarian investors may see the decline in Chainlink as a buying opportunity.



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