Bitcoin Forum

[Xangle Insight] Ethereum sees 367% spike in number of new addresses
- MIP Token issued 190K new addresses overnight
- Price / On-chain Transaction Volume seemingly unaffected

details:
https://xangle.io/project/home/ETH/dashboard?link=apPnmS

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.

Dude that looks so crazy to see that and it's almost 800k holders right now. I can say if this is a spam token as the contract address is only sending small amounts to another wallet and then the wallet that already received it is also sending it again to the next address and this is repeating again, again, and again.

This is spam token and the increase of the newaddress in ethereum network doesn't mean a lot caused by all of those address were not normal address that was actively doing transaction.

I quite remember most of us praised the Ethereum foundation for their development of ethereum and integrating the use of smart contract which allowed people to create their own tokens for their activities. I think this freedom is now being exploited by many hackers and spammers as they just create shit tokens and move them over. I am not all into the technical stuffs but i think the developers need to do something about this, a whole bunch of shit tokens are being created everyday and this is not good for the industry.

When I read this news I thought it's a good driven post for ethereum as its reached certain number of transaction on their network then you will see its just due to creation of a unknown or might probably shitcoin under erc20 and eth blockchain.

That's the problem on smart contract projects such as eth. Platform can easily be used but the sad part there is it can be used for potential scamming.

good promotion techniques, often I see something like this in forums, it seems like this is done by the same person, actually I have been suspicious of seeing interesting topic titles but under the sentence discussing shitcoin, but I would love to discuss ETH and see the development is quite interesting if seen 367 % the surge in new wallet addresses at least proves that many ETH holders are still holding it in and giving ETH an opportunity to become even greater in the future and become a profitable investment

This was exactly what came to my mind when I saw the headline. Just some jobless devs trying to experiment with the Ethereum blockchain by creating some more worthless shit tokens

the percentage of 367% is good for the initial spike in my opinion, 190 thousand addresses for the night was very good, maybe this is the purpose of the ETH will move to the POS so that it increases even more