Fantom investors, whale transaction count has a quirky tale for you

ambcrypto.com:

In its latest “Weekly Recap Week,” report, Fantom revealed that it was impacted by the bearish sentiment of the cryptocurrency market in the last week as it suffered some on-chain decline.

According to the information provided, between 11-18 August, the network logged 310,000 weekly active users.

This was a 4% decline from the 325,000 recorded the previous week. Also, average daily transactions on the network between 11-18 August totaled 44,300. Thus, dropping by 4% from the 46,400 average daily transactions recorded last week.

Furthermore, the index for average daily transactions on the network between 11-17 August declined by 0.11%. Thereby, falling from 847,000 in the previous week to 846,000 recorded last week. 

In the period under review, the price of FTM dropped from $0.37 to $0.33, declining by 10%. As of this writing, the coin exchanged hands at $0.305, having fallen by 10% in the last 21 days, as per data from CoinMarketCap. 

According to data from Santiment, the number of unique addresses that traded FTM between 11-18 August fell by 48%.

So far this month, daily active addresses on the network have declined by 65%. Regarding new addresses on the network, in the period under review, 18,690 new addresses were created.

However, as the price fell within that period, new addresses created on the FTM network daily also dropped.

In the last 21 days, the index of new addresses created daily has fallen by 19%. 

Source: Santiment

On a social front, FTM’s social volume and social dominance dropped by 23% and 25%, respectively, between August 11 and 18.

So far in August, these social metrics have declined by 84% and 57%. As of this press, the coin’s weighted sentiment posted a negative value of -0.932, its highest negative