[Xangle Insight] Ethereum sees 367% spike in number of new addresses

Jan 15, 2020

- MIP Token issued 190K new addresses overnight

- Price / On-chain Transaction Volume seemingly unaffected


According to the official crypto disclosure platform Xangle, the number of new & token-holding addresses was 281,003 on the 13th, compared to 60,111 the day before. This is the biggest increase in the number of new addresses since 28th of November last year, but other relevant stats have not been largely affected by this spike. 


Data confirms that 190K addresses created by a contract belonging to ‘MIP Token’ is the biggest contributing factor. Creation of these addresses is estimated to have cost MIP Token massively, between five to six digits in USD. The purpose of these addresses is yet to be confirmed.



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