By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

BTCRepublic: Timely News & Analysis for Smarter Trading.

  • ABOUT
  • DISCLAIMER
  • CONTACT
New Logo Black BTCRepublic BTCRebpublic-New White Logo
  • Guides
    • Bitcoin
    • Ethereum
    • Altcoins
    • Blockchain
    • DeFi
    • Mining
    • NFTs
    • Wallets
  • News
    • Bitcoin News
    • Ethereum News
    • Altcoins News
    • NFT News
    • Memecoin News
    • Blockchain News
    • Stablecoins News
    • DeFi News
  • Reviews
    • Exchanges
    • Wallets
    • Casinos
    • Services
  • Price Predictions
    Price PredictionsShow More
    Solana (SOL) Price Faces Correction, But Bulls Eye $205
    Solana (SOL) Price Faces Correction, But Bulls Eye $205
    October 14, 2025
    Ethereum Price Prediction 2024, 2025
    Ethereum Price Prediction 2024, 2025: What to Expect for ETH by 2030
    October 18, 2025
    Bitcoin Price Rises To $78k
    Bitcoin Hits $65K as China Unveils Stimulus (September 2024)
    October 16, 2025
    Ethereum (ETH) Surged 15%
    Ethereum (ETH) Surged 15% In 7 Days Despite Whale Selloff
    October 14, 2025
    Worldcoin (WLD) Price Surged 16% As OpenAI Drops New AI Model
    Worldcoin (WLD) Price Surged 16% As OpenAI Drops New AI Models
    October 14, 2025
  • About US
  • Privacy Policy
  • Editorial Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Sitemap
Reading: Ethereum (ETH) Network Growth Soars As New Wallets Hit 4-Month High
Share
  • bitcoinBitcoin(BTC)$113,925.35
  • ethereumEthereum(ETH)$4,093.77
  • tetherTether(USDT)$1.00
  • rippleXRP(XRP)$2.63
  • binancecoinBNB(BNB)$1,128.01
  • solanaSolana(SOL)$199.71
  • usd-coinUSDC(USDC)$1.00
  • staked-etherLido Staked Ether(STETH)$4,097.35
  • dogecoinDogecoin(DOGE)$0.199348
  • tronTRON(TRX)$0.296463
Font ResizerAa
BTCRepublicBTCRepublic
  • Guides
  • News
  • Reviews
  • Price Predictions
Search
  • Guides
    • Bitcoin
    • Ethereum
    • Altcoins
    • Blockchain
    • DeFi
    • Mining
    • NFTs
    • Wallets
  • News
    • Bitcoin News
    • Ethereum News
    • Altcoins News
    • NFT News
    • Memecoin News
    • Blockchain News
    • Stablecoins News
    • DeFi News
  • Reviews
    • Exchanges
    • Wallets
    • Casinos
    • Services
  • Price Predictions
Follow US
  • About US
  • Privacy Policy
  • Editorial Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Sitemap
© 2025 All Rights Reserved by BTCRepublic.

Home - Ethereum News - Ethereum (ETH) Network Growth Soars As New Wallets Hit 4-Month High

Ethereum News

Ethereum (ETH) Network Growth Soars As New Wallets Hit 4-Month High

Oladapo Timothy
Last updated: October 24, 2025 5:58 am
Oladapo Timothy
Published: October 24, 2025
Share
Ethereum (ETH) Network Growth Soars As New Wallets Hit 4-Month High
SHARE
Highlights
  • The Ethereum network recently experienced a significant four-month high growth in wallet activities despite the current ETH price struggles around the $2.2K benchmark.
  • The increase in network activities may trigger an increase in the token price.
  • Ethereum ETFs failed to bring the expected bullish outbreak in the token price.

On Monday, September 9, 2024, Santiment, a popular social metrics platform, revealed in an X post that Ethereum (ETH) “hit a 4-month high in network growth” on Sunday.

📈 Ethereum has just hit a 4-month high in network growth, on a day (Sunday) that is traditionally the least active of the week. 126,210 new wallets created is indicative of rising network utility and anticipated price bounces from the $2,200-$2,300 level. pic.twitter.com/zQaKbBdznK

— Santiment (@santimentfeed) September 9, 2024

According to the post, 126,210 new wallets were added to the Ethereum Blockchain on Sunday, September 8, leading to an increase in network activity.

btcrepublic advertise

This also marks the highest Ethereum network growth activity in a single day since May 5, 2024.

Outline
  • Ethereum Price On The Decline
  • Increasing Ethereum (ETH) Token Dump Puts Crucial Supports At Risk
  • Failing Ethereum ETF

What makes the network activity surge more surprising is the fact that it occurred on a Sunday,

The least-active day of the week.

This impressive one-day network growth indicates an increase in network utility as well as a potential price rally.

The return of the Ethereum whales may also be a reason for the growing network. For instance, Ethereum whales reportedly accumulated 5,000 Ethereum, which is worth about $11.46M at the current ETH price. 

Ethereum Price On The Decline

Despite the increase in network activity on the Ethereum blockchain, the price of Ether (ETH) is on the decline.

btcrepublic advertise 2

However, as earlier predicted, the one-day network growth may trigger a potential price rally, the price of Ethereum saw a slightly positive move in the last 24 hours, soaring about 1.35%, reducing its end-of-the-week losses to 4.81%.

According to data from Tradingview, the price of Ethereum is currently at $2,321, with an intraday peak of $2,337 before dropping. ETH closed last week with a bearish move – about a 5.28% decline.

While the recent rise in network growth may influence a positive price growth, it is important to always carry out independent research before investing, as the cryptocurrency market is very volatile and can easily change direction.

Ethereum price Sep 9

Increasing Ethereum (ETH) Token Dump Puts Crucial Supports At Risk

Recently, BTCRepublic reported that Ethereum wallets linked to the Ethereum Foundation and Vitalik Buterin have been selling ETH aggressively, which drew the attention of the crypto community to a potential token dump. 

In August, it was reported that an ETH wallet linked to Vitalik received 3,800 ETH (~$10M). But the wallet has been gradually selling its holdings since then.

Also, a crypto wallet associated with the Ethereum Foundation dumped 1,000 ETH tokens, which is worth over $2.39M, on Friday.

However, despite his obviously declining ETH holdings, Vitalik denied all these dumping charges against him last week.

Failing Ethereum ETF

According to data from SoSoValue, the spot Ethereum exchange-traded funds (ETFs) experienced a persistent outflow in mid-August, amounting to over $5.99M. This brought the net ETH ETFs outflows to $568.3M. 

When compared to spot Bitcoin ETFs, spot Ethereum ETFs have consistently underperformed since its approval in January last year.

Bitcoin Dominance Hits 61%: Is $100K Just the Beginning?
Ethereum Gas Fees 101 – A Concise Guide Into The Ethereum Ecosystem
Top 10 Altcoins 2025: Best Bitcoin Alternatives
7 Best Trust Wallet Alternatives To Try
Robinhood Fined Heavily Over Cryptocurrency Withdrawal Disputes
TAGGED:CryptoETFEthereum

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
Subscription Form
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Print
Avatar for Oladapo Timothy
ByOladapo Timothy
Follow:
An expert, trader and writer with extensive experience of digital assets, covering everything related to the burgeoning crypto industry — from price analysis to Blockchain disruption. I have authored more than 2,000 stories for crypto and fintech media outlets. I am particularly interested in regulatory trends around the globe that are shaping the future of digital assets.
Previous Article What Is BlockDAG What Is BlockDAG?— Introduction To The $70 Million Presale Blockchain
Next Article Gala Games Boasts Over 3M Users In Its Tap-for-rewards Games On Telegram Gala Games Boasts Over 3M Users In Its Tap-for-rewards Games On Telegram
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to Our Newsletter
Subscribe to our newsletter to get our newest articles instantly!
Subscription Form
Binance and Israeli Forces Allegedly Seize Palestine Crypto
Binance and Israeli Forces Allegedly Seize Palestine Crypto
News
Worldcoin (WLD) Price Surged 16% As OpenAI Drops New AI Model
Worldcoin (WLD) Price Surged 16% As OpenAI Drops New AI Models
Price Predictions
How To Buy Ripple (XRP) - A Step-by-Step Guide For Beginners
How To Buy Ripple (XRP) 2024 – A Clean Guide For Beginners
Altcoins
Indian High Court Orders Take Down of Mudrex Impersonation Scammers
Indian High Court Orders Take Down of Mudrex Impersonation Scammers
News

Follow Us on Socials

BTCRepublic use social media to react to hot news, update supporters and share authentic and factful information

Facebook Twitter Linkedin Telegram Pinterest
New Logo Black BR


BTCRepublic is the go-to source for comprehensive news coverage on blockchain technology, cryptocurrencies, non-fungible tokens, and Web3 gaming. Our content ranges from market trends to in-depth price analysis, fresh developments, interviews, and beginner guides.

Subscribe to our newsletter

Stay ahead of the curve with the BTCRepublic newsletter. By subscribing, you will get information about what is happening in the Web3 world straight to your inbox.

Subscription Form (#3)

More

  • About US
  • Privacy Policy
  • Editorial Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Sitemap
Reading: Ethereum (ETH) Network Growth Soars As New Wallets Hit 4-Month High
Share
© 2025 All Rights Reserved by BTCRepublic