Cardano (ADA), Shiba Inu (SHIB) and XRP See Surge of Interest As Crypto Markets Dip: Analytics Firm Santiment

Despite market price competition this week, a handful of crypto assets are seeing increased social media interest, according to analytics firm Santiment.

santimento Note Ethereum (ETH), XRP, Cardano (ADA), Shiba Inu (SHIB) and Polygon (MATIC) have seen more discussion online in the last week, while most other cryptocurrencies have received less buzz.

analysis company To tell Social trends show that there is disagreement among members of the crypto community on whether to buy the current price drop.

“The ‘buythedip’ bird is chirping after prices drop. Last week, just before the CPI [consumer price index] Upon reporting the crash, the trader was bragging about having purchased the dip. Now there’s legitimate polarization as to whether or not to do it again. What a difference a week can make!

For whale activity, Santiment Note Large addresses are buying up decentralized lending and borrowing platform Aave (AAVE).

Key whale addresses holding between 1,000 and 1 million AAVEs in their wallets hold up to 54.5%. This is the highest amount ever held by these addresses. It is important that this line improves, even if the top exchange addresses (holding over 10 million AAVEs) eventually stop circulating the coin for active traders and distribution purposes.

Whales have also targeted Chainlink (LINK), a decentralized oracle network, with addresses holding between 10,000 and 1 million LINK, causing more than 3% of available coins in the last four months to be stolen, according to the analytics firm. The amount of supply held is increasing.

Additionally, whales are scooping up Amp (AMP), an Ethereum-based token used as collateral for Flexa Network transactions. Flexa is a DeFi payment processing system aimed at bringing cryptocurrency payments to mainstream retailers.

Addresses holding between 100,000 and 10 million AMPs have increased their total crypto supply by more than 25% since the beginning of June.

According to Santiment, whale holdings of Litecoin (LTC), fan engagement token Chiliz (CHZ) and enterprise solutions OMG Network (OMG) are actively declining.

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