If those 1M wallets come from 1M different people, that's certainly good progress because adoption has reached 1M people. But we don't know if it's real 1M people or just wallets owned by some people trying to store 1 BTC in multiple wallets.

We know that each person can have more than one bitcoin wallet so the number of 1M wallets needs to be clarified again. And I guess they can't prove it because anyone with 1 BTC in their wallet won't want to admit it.

But I think the progress of crypto adoption is going in a good direction even though the current market situation may not yet show a significant recovery. But there will come a time so we have to be patient.