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2.27M new Bitcoin wallets created amid Coldcard security scare, highest in a year

Technical Signals
09 Aug 2026
Crypto Briefing
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Neutral
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Santiment reports a surge of 2.27 million new Bitcoin wallets in one week, triggered by a security vulnerability in Coldcard hardware wallets. This caused many users to move their coins to new wallets as a defensive measure, reflecting a sharp rotation rather than new adoption. The spike coincides with strong network activity and a Bitcoin price near $65,000, suggesting the market may be viewing this as a buying opportunity. Investors should watch if wallet creation normalizes or continues, indicating fresh demand.

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