The network saw over 1 million unique active wallets accepting or sending ETH, the second-highest amount in the asset’s history.

The Ethereum (ETH) network registered a spark of activity on Sept. 13, as the number of unique active wallets (UAW) connected to the network hit 1,089,893.

In an X post, Blockchain analysts at Santiment said this was the second-highest amount of UAW in Ethereum’s 8+ year history, suggesting that such spikes “could be the capitulation signal needed for prices to rebound.”

The last time the Ethereum network witnessed a spike in on-chain activity was on Dec. 9, 2022, when the amount of UAW set an all-time high at 1.42 million, with ETH trading at around $1,265, according to data from Santiment.

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Author: Denis Omelchenko

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