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Insights
Solana’s daily fees and revenue hit ATH amid heightened engagement Satoshi Bitcoin wallets now worth over $100 billion making Top 20 richest people BlackRock ETF brings in over $3 billion in 5 days after new $230 million inflow Bitcoin breaks yet another all-time high, now testing $92,000 US inflation rises coming in at expected 2.6%, Bitcoin breaks over $89,000 again
A new milestone: 1M addresses hold 1 Bitcoin A new milestone: 1M addresses hold 1 Bitcoin James Van Straten · 2 years ago
Insights Bitcoin

A new milestone: 1M addresses hold 1 Bitcoin

Data via Glassnode

Over the weekend we saw over 1M addresses with a balance of 1 Bitcoin — significant accumulation trend among 'shrimps'.

James Van Straten / @jvs_btc / May. 15, 2023 at 11:45 am UTC

Quick Take

  • Over the weekend, a new milestone was reached over 1 million addresses holding 1 Bitcoin or more.
  • During the run-up to the 2017 bull market, we saw 500,000 addresses hold 1 Bitcoin or more.
  • A cohort who holds 1 Bitcoin or less is referred to as shrimps, who have seen huge amounts of accumulation over the last few years.
  • They now hold an aggregate supply of 1,345,444, roughly 7% of the supply.
Shrimp Holdings: (Source: Glassnode)
Shrimp Holdings: (Source: Glassnode)
Address with balance 1 Bitcoin: (Source: Glassnode)
Address with balance 1 Bitcoin: (Source: Glassnode)
Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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