🗣️ Altcoin euphoria continues with crypto ending its week with speculative large caps seeing major rises in discussion rates. The top trending projects driving markets are:

🪙 Toncoin $TON - Association with the cryptocurrency The Open Network (TON) in the context of the Hamster Kombat airdrop.

🪙 Shiba Inu $SHIB - Discussions around its cryptocurrency and associated projects like Shibarium. The community is optimistic about a 33,000% increase in the burn rate, contributing to a 23% price rise recently.

🪙 Pepe $PEPE - Users are debating its potential for a bull run, comparing it to other memecoins like Shiba Inu. There is a sentiment that 'pepe' has not yet experienced significant growth, but many believe it could perform well in upcoming market cycles.

🐳 The decline in overall whale activity across most crypto assets has become more and more noticeable. Peak 2024 $100K+ transaction weeks for BTC & ETH compared to recently:

Bitcoin:
March 13-19: 115.1K Whale Transactions
August 21-27: 60.2K Whale Transactions

Ethereum:
March 13-19: 115.1K Whale Transactions
August 21-27: 31.8K Whale Transactions

Be mindful that a decline in whale activity doesn't necessarily mean they are dumping or prices are likely to drop as a result. Top addresses notoriously become most active during times when volatility is at its highest.

Overall, among activity that is happening from whales, Santiment data still indicates a steady flow of accumulation despite less overall transactions.

📈 Solana has made history today surpassing Binance Coin to move into the #4 spot in crypto for the 1st time in its 4+ years of trading. Expect the two assets to be in close proximity to one another, but SOL's +35% growth vs. BNB's +10% the past 2 weeks gives SOL the momentum.

📊 According to MVRV Z-Score, which identifies overvalued and undervalued assets based on average trader returns, top caps are in the following categories:

🤑Overbought: Toncoin, Bitcoin, Ethereum
😟Underbought: Uniswap, Shiba Inu

🐂 The lower a cryptocurrency's 30-day MVRV is, the higher the likelihood we see a short-term bounce:

Bitcoin: -4.0% (Mild Bullish)
Ethereum: -4.3% (Mild Bullish)
XRP: -3.5% (Mild Bullish)
Dogecoin: -16.7% (Very Bullish)
Toncoin: -0.6% (Neutral)
Cardano: -12.6% (Very Bullish)

🗣️ As the weekend approaches and crypto sees a slight rebound, the top trending coins among social platforms are:

💰Tether: Increased usage and adoption across Binance, Bitget, ByBit, and KuCoin
🪨Toncoin: Price surge above $8 and upcoming launch of TapSwap on the TON blockchain

$WAVES is being delisted from Binance, and is currently the most rising coin of interest among traders. $TON is also getting a major rise in interest to start the week after more price rises and increased trader interest. Which tokens do you have your eye on right now?

Powered by #Ethereum's rise to start the week, #ERC20 assets have been well ahead of the markets on average. The sector has grown by +8.1% in the past week. Keep an eye on the continued surge of $TON (+21%), $LDO (+12%), and $ENA (+12%)

Enjoy the ERC-20 watchlist here, and filter for the projects that matter most to you, which are showing the most #bullish divergences, and what opportunities are presenting themselves.

Monday's #altcoin breakout was boosted by major distributions from #Bitcoin's latest new #AllTimeHigh. $BTC saw a +55% social volume rise, and $ETH's discussions +60%. Top cap notable 24-hour price gainers are:

• $LTC +19%
• $XRP +18%
• $TON +18%
  

Use Santiment's data screener to keep tabs of social volume and price changes across multiple timeframes. Apply filters, view performances by sector, and understand development activity for the projects you care about most.

Two possible ideas to observe.

High onchain activity and lack of price reaction are noticed in APE and TON.

APE:

TON:

ApeCoin has launched staking, its address activity surge is healthy and expected. Unexpected is APE price not doing much. Similar for TON.

Chart: https://app.santiment.net/s/mIs9sjlr