According to Santiment, These Cryptocurrency Assets Are Going Viral on Social Media

The cryptocurrency sector is constantly active, filled with news and updates regarding the latest advancements. Yet, certain projects and currencies make a significant impact over specific timeframes.

The analytics platform Santiment has identified the most discussed tokens that are currently garnering attention on social media. Prominent among these are well-known assets such as Solana (SOL), Chainlink (LINK), Tether (USDT), and FTT, the token associated with the fallen crypto exchange FTX. The list also features emerging tokens like Nexpace (NXPC) and Lanchcoin (LAUNCHCOIN).

Cryptocurrencies Making Waves on Social Platforms

Santiment’s findings reveal that Solana has maintained a robust presence in social media conversations surrounding price movements, market capitalization, and long-term projections extending to 2040. Discussions related to this project often encompass technical analyses, trading activity, futures interest, and institutional adoption. The network benefits from a vibrant community and significant ecosystem expansion, highlighted through various promotions and airdrop initiatives.

NXPC, the token of Nexpace—affiliated with the South Korean gaming giant Nexon—follows closely behind Solana. This asset has gained traction on multiple exchanges, including KuCoin, Binance, and CoinEx, especially as it captured the community’s interest.

Additionally, NXPC has been actively mentioned in relation to the web3 gaming ecosystem of MapleStory Universe and is notable for its appealing annual percentage yield (APY) offerings. The token’s rise is complemented by various promotional events such as giveaways, trading competitions, and heightened trading activity on platforms like Telegram and X.

Lanchcoin is also garnering attention as traders discuss its astonishing price increase of over 5,500%, propelling its market capitalization to exceed $360 million. The token is associated with Believe, a platform enabling users to create tokens without needing traditional venture capital.

FTX’s Distribution Set for Late May

Another token gaining traction is Chainlink, a decentralized oracle network that is broadening its influence through integration in the financial realm. This platform is being utilized for significant institutional transactions, such as the inaugural public blockchain deal executed by the global finance giant JPMorgan. Additionally, companies linked to the Society for Worldwide Interbank Financial Telecommunications (SWIFT) have begun adopting Chainlink for their collaborative efforts.

Meanwhile, Tether’s USDT stablecoin has been a topic of discussion regarding trading volume metrics, both for purchases and sales, alongside 24-hour trading activity. Serving as a connector between the cryptocurrency sphere and traditional finance, USDT frequently appears in transaction data across various exchanges.

Lastly, discussions around FTX’s FTT token have intensified due to the bankrupt company’s announcement of a second distribution, amounting to approximately $5 billion for creditors, anticipated by the month’s end. Santiment has characterized this as a noteworthy event in the ongoing bankruptcy proceedings of the firm.