Top Social Gainers for Thursday, May 23rd, 2019

Here are Wednesday's biggest developing stories in crypto based on Santiment's data:

The story behind Mr. Wright is covered in one of previous insights.

Other words to expand are:

• TNT (500+ mentions)

Tierion pumped +130% in 22 hours, volume still increasing.

Some say it may be an orchestrated event. Let's see what onchain data shows:

Interesting pattern:

Exchanges deposit transactions amount started to slightly increase one month prior to event.

The same time share of deposits increased significantly.

Simply speaking lots of small deposits occurred.

Not a whale or market maker with a couple of huge transactions.

How could it happen?

• Bulgaria (40+ mentions)

There were some news articles posted claiming that Bulgaria is allegedly sitting on a vast amount of BTC wealth which it is holding in reserves. The country acquired the 200,000 BTC during operation PRATKA when it seized the cryptocurrency from criminal enterprises in Macedonia, Greece, Romania, and Serbia.

It appeared to be fake news.

Authorities didn't seize any bitcoin, they only found evidence that a 'criminal group' moved up to 200K coins as part of their activities.

Source: https://www.selec.org/more-than-200000-bitcoins-in-value-of-500-million-usd-found-by-the-bulgarian-authorities/

"It was determined that the members of the organized crime group invested the money obtained from these illegal activities in bitcoins, around 200,000 being discovered in the virtual space"

And it's an article of year 2017 by the way.

• LINK (1230+ mentions)

LINK is a remarkable asset in sense that it's the second coin after BNB that exceeded it's previous all time high back in January 2018.

Recent price action in scale:

Related fun art:

• AST (90+ mentions)

For a long time AST was about as dead as possible for a coin listed on Binance.

Suddenly AirSwap did +45% on Thursday.

Onchain-wize an interesting pattern may be recognized:

Exchange outflow spiked few times in clear correlation with price local tops.

Like today.

What people are talking about AST:

• AST is so bullish no dumps at all
• AST is mooning
• AST is new ENJ
• BUY AST NOT MATIC
• AST you beaut🚀☝️

Almost no concerns.

What does it mean?

As always, head over to our Social Trends page for the latest updates.