It has been revealed that low market cap altcoins dominated the list, with their smaller market sizes making them prone to strong fluctuations in activity.
Among the tokens with the highest growth in daily wallet activity, UXLINK led the pack with a staggering 1927% increase. This was followed by Satoshi Airline, which saw a 650% increase, and Onyxcoin, which saw a 600% increase.
The data reflects a strong focus on smaller altcoins, where wallet activity can increase dramatically due to sudden trading interest or speculative behavior. Santiment’s findings highlight how analyzing wallet activity can provide valuable insights into emerging trends in the cryptocurrency space.
