Probably 5M holders and 25M casuals

Holding = using btw

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#early

I like your terms better, accumulators / users vs casual holders was my point. 5M seems low with the address data we have, but that may be right. I see wide ranges often - 10M - 100M, commonly.

A lot of people generate new addresses for every transaction, inflating address data (in my opinion)

But it could be double digit millions