CryptoQuant analyst Julio Moreno said that, following the Coldcard hacking incident, users rapidly moved their Bitcoin, causing the number of daily active Bitcoin addresses to surge from 645,000 on July 30 to nearly 1 million on July 31—the highest single-day level since December 10, 2024. This increase was driven primarily by a sharp rise in active sending addresses, while active receiving addresses saw relatively smaller growth.
Bitcoin daily active addresses surge to nearly 1 million amid Coldcard hack
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Summary
A crypto hack involving Coldcard caused a sharp increase in Bitcoin’s daily active addresses, rising from 645,000 on July 30 to nearly 1 million on July 31, according to CryptoQuant analyst Julio Moreno. The surge was primarily driven by an increase in sending addresses, with receiving addresses also rising. The exchange hack highlighted Bitcoin’s on-chain activity, which reached its highest single-day level since December 10, 2024.
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