Ethereum Records 152M Active Wallets and a 50% Increase in Value within a Month

Ethereum is experiencing a resurgence, having surged over 50% in less than a month to reach a six-month high of over $3,400, according to data from analytics firm Santiment. In addition to this, Ethereum now boasts a record-breaking 152.03 million non-empty wallets, the most extensive active user base in crypto. This dramatic rebound has sparked widespread discussions across social media platforms.

Institutional accumulation and renewed investor enthusiasm following Bitcoin's recent all-time high seem to be fueling this uptick. Spot Ethereum ETFs have attracted more than $726 million in net investments, with corporate holdings of the asset now valued at approximately $5.3 billion. Over the last 24 hours, Ethereum's value rose by 10% to trade around $3,450, outperforming Bitcoin's growth in the same period.