Cardano (ADA), Shiba Inu (SHIB) and XRP See Surge of Interest As Crypto Markets Dip: Analytics Firm Santiment
According to analytics firm Sentiment, a handful of crypto assets are seeing a surge in social media interest this week despite market price struggles.
the treaty Comment Ethereum (ETH), XRP, Cardano (ADA), Shiba Inu (SHIB) and Polygon (MATIC) were the most talked about online last week, while most other crypto assets were less talked about.
Analytics firm too said Social trends indicate that there is disagreement among members of the crypto community on whether to buy the current price drop.
‘Bythedeep’ bird chirping after price drop. Just before last week, the CPI [consumer price index] Reports crash, traders were bragging that they bought the dip. Now there is legitimate polarization over whether to do it again. What a difference a week makes.”
In terms of whale activity, Santiment Comment The big addresses that are buying decentralized lending and lending platform Aave (AAVE).
“54.5% of Aave key whale addresses hold 1,000 to 1 million AAVEs in their wallets. This is the highest amount ever held by these addresses. Still a relatively young asset, Key will see this line improve even as founders and top exchange addresses (holding 10 million or more AAVEs) eventually stop circulating their coins for active traders and circulation purposes.”
The analytics firm said whales are also targeting the decentralized Oracle network ChainLink (LINK), where addresses between 10,000 and 1 million LINKs have increased their supply by more than 3% of available coins over the past four months.
Additionally, Timira Amp (AMP), an Ethereum-based token is used as collateral in Flexa Network transactions. Flexa is a DeFi payment processing system that aims to bring cryptocurrency payments to mainstream retailers.
Addresses between 100,000 and 10 million AMPs have increased their total supply of crypto assets by more than 25% since the beginning of June.
According to Santiment, the holdings of Litecoin (LTC), fan engagement token Chiles (CHZ) and enterprise solution OMG Network (OMG) are actively declining.
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