Santiment Report: Significant increases in on-chain and social activity indicators for multiple altcoins, with DogecoinAddress showing the fastest growth in activity

Golden Finance reported that according to the Santiment analysis report, despite the overall poor performance of the encryption market, some altcoins are showing significant growth in on-chain and social activities. The report points out that during the period when the price of Bitcoin fluctuated between $78,000 and $84,000, large cap tokens such as XRP, BNB, Tron, and Stellar are quietly gaining momentum, with significant growth in on-chain and social activity indicators for multiple projects. Specific data is as follows: Fastest growing in address activity: Dogecoin (Ranked 11th in market cap); The fastest growing network: PAX Gold (ranked 83rd in Market Cap); Whale trading grows the fastest: Magic Token (Market Cap ranked 558th); Fastest growing sentiment indicator: Audius (Market Cap ranked 242nd); Social dominance grows fastest: UMA (Market Cap ranks 251st); Fastest growing exchange funds flow: PAX Gold (Market Cap ranked 83rd); Santiment's Activity Matrix model shows that the current market is overall in a 'cool' state, with most network activity indicators on the low side, which is a normal phenomenon after reaching historical highs during the bull market cycle and then experiencing a sharp decline. Especially speculative assets like Pepe, Chainlink, and Shiba Inu are currently going through the 'coldest' period of network activity this year. The report explains that when the market is generally in a downtrend, ideally there should be a sudden increase in whale trading (indicating accumulation by large holders) or network growth (indicating an imminent increase in on-chain transactions). The improvement in these indicators may indicate that a specific project is about to reverse its decline, even though the overall market is still in an 8-week downtrend cycle. Analysts say that while retail traders may have exited the encryption market or temporarily ceased trading until market sentiment improves, some projects are showing positive signals, potentially signaling potential candidates for a recent market rebound.