Ethereum’s Network Explodes: 393.6K New Wallets Signal Massive Inflow—Can ETH Smash $4K This January?
Ethereum just pulled off a network growth spurt for the record books. A single-day surge of nearly 400,000 new addresses isn't just a statistic—it's a tidal wave of capital and confidence flooding the chain.
The On-Chain Stampede
Forget gradual adoption. This is a stampede. That 393.6K figure represents the single biggest driver of bullish momentum right now, dwarfing typical daily growth. It screams one thing: users aren't just watching—they're onboarding en masse, likely chasing the next wave of DeFi yields, NFT mints, or simply staking for rewards. Network value follows user value.
The $4,000 Price Target: Within Reach?
Can this sheer weight of new users propel ETH past the psychological $4,000 barrier before month's end? Historically, parabolic wallet growth precedes major price re-ratings. Each new address is a potential buyer, a liquidity provider, a protocol user. This isn't speculative leverage on a futures exchange; it's real, sticky demand being cemented on-chain.
The Bull Case vs. The Caveat
The mechanics are simple: more users equal more transaction demand, which burns more ETH, tightening supply. Combine that with continued institutional ETF flows and a potential spot ETF decision looming, and the runway looks clear. Of course, traditional finance pundits will call it irrational—right up until they quietly allocate 1% of their portfolio 'for diversification.'
The fuse is lit. Whether it rockets ETH to $4,000 or just heats up the engine for a longer climb, one thing's clear: the network is growing at warpspeed. The market just needs to catch up.
Ethereum New Wallet Frenzy
Ethereum is currently trading at $3300, noting volatility along its way. However, the token seems to be dominating the wallet creation area, with the chain documenting nearly 327.6K wallets being created in a day, the single highest day spike ever. The chain is currently experiencing nearly 327K wallets being registered in a day, showing how popular ethereum is within the masses as of late.
Santiment was quick to investigate major reasons behind this change, adding how the recent Fusake update could have changed ETH price narratives, making it lucrative for investors to explore the asset.
Reasons Behind Ethereum’s Catalyzing Popularity
Santiment later shared a few more reasons, adding how the rising stablecoin activity on ETH is also impacting its image within the masses. This has been triggering investors to explore the asset, consequently leading the chain to encounter high wallet metrics.
Beyond that, growing market competitiveness and seasonal shifts are also driving ETH toward new record highs.
BREAKING: Ethereum's new wallet growth has reached new all-time high levels. Over the past week, crypto's #2 market cap has seen an average of 327.1K new $ETH wallets created per day, including a 393.6K day Sunday (the highest ever).
There can be several reasons attributed… pic.twitter.com/zD1YcOV3wO
Can ETH Reclaim $4K By The End Of January 2026?
According to CoinCodex ETH stats, Ethereum may hit a new high of $3754 by the end of Jan/first week of February 2026.
