Santiment analysts have recorded a decline in the popularity of cryptocurrencies in social networks

Santiment analysts have reported a decline in the popularity of crypto asset discussions on forums and social media. In their opinion, this suggests that the fear of missing out (FOMO) has not affected retail investors, and thus the markets are probably not overheated yet.

Analysts also note that the crypto market is showing green candles this week, which means that most digital assets are growing. Thus, according to Binance, bitcoin grew by 8.79% in seven days, and Ethereum by 28%. They were also joined by other altcoins: ApeCoin — 40.96%, Fantom — 36.64%, Ethereum Classic — 77.55%, and THORChain — 25.93%.

Santiment also emphasized that Ethereum investors changed their behavior after July 13, when its rate dropped to $ 1000. According to the company, institutions holding between 1,000 and 10,000 ETH began to reduce their balance sheets.

Those with 10 to 100 ETH are buying the asset, and those with more than 10,000 ETH are replenishing their wallets after the initial sale of assets. According to analysts, small holders (0−10 ETH) are not doing anything, probably because they were scared by the recent drop and are still feeling anxious.