The increase in the interest in social media against some cryptocurrencies did not escape the attention of the analysis firm Santiment. In the company's final analysis; He published a study stating that Ethereum (ETH), XRP, Cardano (ADA), Shiba Inu (SHIB) and Polygon (MATIC) are much more talked about on social media than others.
In its report on the subject, Santiment stated that the most discussed topic of social media about cryptocurrencies is the question of whether the prices at this level are bottom:
"Before the inflation data released last week, 'buy the bottom' birds were singing and boasting that they bought at these levels with themselves. However, as prices go further back, it is now debated whether this bottom is the real bottom. It seems like a lot has changed in a week."
On the other hand, examining the movement figures of whales, Santiment also stated that this type of investor group has recently received AAVE:
“There is a 54% increase in the number of addresses holding a thousand to 1 million AAVEs. This is the biggest number for AAVE of all time… The important thing for this still relatively young entity is that people and companies holding 10 million or more AAVEs will eventually end up with this token. There will be those who will stop putting me in circulation."
Santiment stated that there is an extra purchase situation on LINK outside of AAVE, and addresses holding 10,000 to 1 million LINK have increased their tokens by more than 3 percent in the last 4 months.
BTC and ETH futures at their lowest levels since December 2020
Recent data shows that the volumes of Bitcoin (BTC) and Ethereum (ETH) futures contracts have dropped to their lowest levels in nearly two years. According to the report released by CryptoCompare, the total volume of BTC and ETH futures contracts on the Chicago Mercantile Exchange (CME) fell 20.7% to $28.9 billion in August 2022. Accordingly, this figure was the lowest volume recorded in the stock market since the December 2020 period.