A look at Santiment’s chart revealed that after a massive uptick, weighted sentiments drifted downward, suggesting that the investors were less confident aboutThough the MVRV Ratio remained in the negative zone for the majority of the month, it did recover during the concluding days.
A positive signal was found in the increase of FTM’s network growth, which indicated that more new addresses were transferring the token.Meanwhile, FTM’s supply held by the top addresses declined sharply, indicating the decreasing interest of whales in the token. The whale transaction count also went down after spiking on 23 March.’s supply on exchanges declined while its supply outside of exchanges increased, which a was bullish development.
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