These 5 Crypto Assets Are Being Accumulated Massively — A Sign of an Impending Price Surge?
Five Cryptocurrencies See Surge in Wallet Growth, Signaling Long-Term Accumulation Trends
Recent blockchain data reveals that five digital assets — Pi Network (PI), dogwifhat (WIF), Onyxcoin (XCN), Akash Network (AKT), and Ravencoin (RVN) — are experiencing a strong surge in wallet activity, suggesting an upward trend in long-term holder accumulation. According to on-chain metrics, each of these cryptocurrencies has seen an increase of approximately 37% to 42% in the number of wallet addresses over the past quarter.
This shift, experts say, is not driven by hype or short-term speculation, but rather by steady and deliberate purchases from both retail and institutional players. The rise in wallet addresses holding mid-sized balances — often associated with organic demand — indicates deeper integration within respective ecosystems and growing confidence in these projects' future potential.
Pi Network (PI): A Rising Star in Network Utility and User Participation
Pi Network leads the pack with a staggering 42% quarter-over-quarter increase in unique wallet addresses. This growth is underpinned by stable network activity and a loyal community that continues to engage with Pi's expanding ecosystem. Analysts point to the steady rise in mid-size holdings — those accounts typically owned by long-term holders — as a sign of maturing utility and adoption rather than speculative excitement.
Pi’s expanding wallet base coincides with its increased presence in decentralized applications, commerce integrations, and a growing developer community. Despite its relatively limited presence on major exchanges, the network’s on-chain engagement suggests a grassroots-driven momentum that’s rare in today’s digital asset space.
dogwifhat (WIF): Strategic Accumulation Amid Price Stability
WIF, a meme-inspired yet surprisingly resilient token, recorded a 39% increase in wallet addresses. What’s notable is that this growth occurred without sharp price fluctuations, indicating a deliberate accumulation trend. On-chain data reveals that many of the new wallets are created outside of centralized exchanges, suggesting growing user confidence in holding the asset through self-custody methods.
While meme coins have traditionally experienced explosive but short-lived popularity, WIF’s gradual wallet distribution points to a shift in sentiment — one that prioritizes long-term potential and community building over short-term profits.
Onyxcoin (XCN): Quiet Expansion Fueled by Real Use Cases
XCN is often overlooked in mainstream headlines, yet its on-chain activity tells a different story. With a 37% rise in unique wallets this quarter, Onyxcoin is quietly cementing itself as a serious contender in the blockchain governance and staking space.
Most of the new wallets are associated with small-to-mid size holdings, a pattern that tends to signal genuine belief in a project’s vision rather than speculative intent. The network’s growing utility — particularly around governance votes and token staking — is contributing to user retention and a sticky ecosystem that could support price resilience over time.
Akash Network (AKT): Infrastructure-Led Growth Draws In Long-Term Users
Akash Network saw a 41% increase in wallet addresses in Q2, driven largely by rising demand for its decentralized computing services. As a project built around decentralized cloud infrastructure, Akash is benefiting from real-world deployment and enterprise-level interest.
The wallet growth appears evenly spread, with a significant uptick in recurring accumulation patterns — an indicator of sustained interest. Rather than trading hype, the growth is attributed to expanding network participation among developers and users seeking scalable alternatives to traditional cloud services.
This infrastructure-led demand positions AKT as one of the more utilitarian blockchain assets with a growing and committed user base.
Ravencoin (RVN): Resurgence in Asset Tokenization Spurs Wallet Surge
Ravencoin recorded a 40% rise in wallet addresses, reflecting renewed interest in peer-to-peer asset issuance. The blockchain has long been known for its simplicity and effectiveness in token creation, and it appears that interest in its use cases is once again climbing.
Blockchain data shows that new wallet creation is happening primarily among non-custodial addresses — wallets that are not linked to centralized exchanges. This reinforces the narrative that RVN holders are opting for full ownership and control, a key value proposition in a market increasingly focused on decentralization.
What This Means for the Broader Market
The synchronized wallet growth across these five assets offers deeper insights into evolving investor behavior. Rather than chasing volatile price swings, participants are positioning themselves for long-term gains based on token utility, network strength, and real-world applications.
Industry analysts note that this form of organic accumulation often precedes price appreciation — especially when accompanied by technical development and community engagement. “These trends signal a market shift from speculative trading to strategic positioning,” said Jacob Lin, a blockchain researcher at DataBlocks. “As we approach the next cycle, tokens with tangible use cases and active communities may outperform hype-driven coins.”
The diversification in token utility also stands out. While PI and XCN focus on social and governance applications, WIF and RVN highlight community and tokenization, and AKT emphasizes infrastructure and cloud decentralization. Despite their different niches, all five projects have one thing in common: consistent wallet growth backed by engagement, not just market speculation.
Investor Takeaway
For retail investors and crypto enthusiasts, tracking wallet growth is an often-underestimated indicator of asset strength. Unlike price, which can be manipulated or influenced by short-term news, wallet growth reflects underlying user adoption — a core driver of long-term sustainability.
If current trends hold, PI, WIF, XCN, AKT, and RVN may be positioned for meaningful upward momentum in the next market phase. As always, prospective investors should conduct their due diligence, but these on-chain signals provide a compelling case for closer observation.
Source: https://cryptonewsland.com/5-leading-coins-in-accumulation-phase-on-chain-data-shows-wallet-growth-up-40-since-last-quarter/
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