Post #11743

Once-Hyped Blockchains with Low Wallets Activity Low user activity alone isn't the problem - it's the combination with massive future unlocks that makes this data alarming. Several chains on this list are already trading at a tiny fraction of their ATH FDV, yet still have tens of percent of supply left to hit the market. Weekly active wallets by chains: Sonic $S – 31.1K Cosmos $ATOM – 25.3K XDC $XDC – 20.4K Berachain $BERA – 20K Mantra $MANTRA – 13.3K Polkadot $DOT – 12.6K Gnosis $GNO – 10.7K Hedera $HBAR – 10.6K Movement $MOVE – 10.3K Celestia $TIA – 5.8K The worst offenders by that metric include Mantra, which peaked at $63.4B FDV and now sits at $171M - a 99.7% collapse - with 43.7% of supply still to be unlocked. Berachain and Movement both carry over 65% in future unlocks with under 21K weekly active wallets. Without a real user growth catalyst, that incoming supply has nowhere to go but down. Data source🔗Token Terminal @TOP7ICO