🗣️ Crypto discussions have shown rising interest in AI job replacement as of late. Additionally, accumulation from whales like James Wynn and Microstrategy has been a particular focus that has driven markets. From a token perspective, Solana, Loud Token, and various meme coins have seen significant social volume spikes.

This free-to-use Alpha Narratives dashboard is completely free to use, and contains plenty of valuable information to help guide you in how you do your research, and making the most informed decisions for your portfolio.

🥳 Monday has kicked off with a bang for crypto traders, as Bitcoin has quickly returned to $108K. After threatening to fall below $100K just 4 days ago, retail traders panic sold. Now, they are showing signs of flooding back in with the 2nd largest spike in FOMO in the past 2 weeks. Historically, markets will move the opposite direction of the retail crowd's expectations.

This chart is an excellent gauge to see how traders across social media are perceiving markets. In a sentiment-driven industry, using social media as a counter indicator has proven to be effective.

Link to $BTC chart of ratio of positive vs. negative comments across social media.

Is this the week we see Bitcoin challenge the $112K all-time high? Has retail sold off enough to justify pumping whale portfolios? We discuss crypto's top cap, along with Ethereum, XRP, and Solana, with Thinking Crypto in our latest market update!

🇺🇸🇿🇦 The public downfall of Donald Trump's and Elon Musk's relationship has generated many polarizing reactions from the crypto community. While others may see it as nothing more than petty drama, others are showing legitimate fear that the two powerful pro-crypto individuals being at odds will create a long-term bearish outcome.

📉📈 At least initially, the crypto selloff was nearly instantaneous, as Bitcoin quickly dropped down to $101.5. But after a quick recovery as high as $105.4K today, the drama may be shaping up to be a "sell the rumor, but the news" event. Generally, when major crypto personalities see spikes in discussion rate, the chances of market reversals increase.

🗣️ Track the mention frequency of the two prominent figures here, and identify when markets are likely to reverse course next!

📈 As crypto markets attempt to rally at the end of the work week, crypto networks continue to grow over time. Here are the total amount of holders for select top caps:

🪙 Ethereum $ETH: 148.38M Holders

🪙 Bitcoin $BTC: 55.39M Holders

🪙 Dogecoin $DOGE: 7.97M Holders

🪙 Tether $USDT: 7.79M Holders

🪙 XRP $XRP: 6.53M Holders

🪙 Cardano $ADA: 4.49M Holders

🪙 USD Coin $USDC: 3.30M Holders

🪙 Chainlink $LINK: 766.01K Holders

📊 Blockchain data indicates that 3 massive Bitcoin transactions on June 1st and 2nd correlated with crypto's local top when $BTC's market value was attempting to bounce back above $107K. $44.03B worth of transaction volume was present on the Bitcoin blockchain, indicating a massive amount of polarization. The 3 largest transfers of the month, and among the largest of the year, were:

🐳 A 130,010 $BTC transfer worth $14.11B

🐳 A 78,647 $BTC transfer worth $9.41B

🐳 A 22,531 $BTC transfer worth $2.36B

Bookmark this handy chart page, and monitor for more of the top transactions for Bitcoin and ETH-based tokens. They will often foreshadow key market moves.

📺 Our latest video market update covers the swinging greed and fear among retail traders. We also discuss some of the key whales and how they will impact the next couple months of crypto's price action. Enjoy our show with Web3 Matters!

🧑‍💻 Here are crypto's top ETH-based coins by development activity. Directional indicators represent each project's ranking positioning since last month:

📈1) Chainlink $LINK 🥇

📈 2) Starknet $STRK 🥈

➡️ 3) Ethereum $ETH 🥉

📈 4) Eigenlayer $EIGEN

📉 5) Status $SNT

📈 6) sUSD $SUSD

📈 7) Synthetix $SNX

📉 8) Decentraland $MANA

📉 9) Lido DAO $LDO

📈 10) Lido Staked Ethereum $stETH 📖

Read about the Santiment methodology for filtering notable github activity data from project repositories, and why it is so useful for crypto trading!