According to Santiment, the native tokens associated with Wormhole, Ethena Labs, and the Waves Protocol are the most talked-about crypto assets on social media.
The recent airdrops of Wormhole's token (W) and Ethena Labs' governance token (ENA) have gained attention. Additionally, the Waves token has sparked interest after being at risk of delisting on Binance.
Wormhole carried out a "Wormhole Token Generation Event" in March, distributing 670 million tokens to eligible wallets. Despite this event being praised as a step towards decentralization, the value of the Wormhole token has dropped significantly since April.
On the other hand, ENA has experienced a surge in value after its token launch on April 2, which included a substantial airdrop. The protocol has attracted attention by offering a high annual percentage yield on its synthetic dollar.
The Waves Protocol's WAVE token has seen a significant decline since early April, leading to speculation among traders. Santiment's data suggests that the proposal to invest Neutrino (XTN) treasury funds into the WavesIndex pool has affected the token's trend.
Moreover, WAVES has been added to Binance's Monitoring Tags list, indicating a potential risk of delisting from the exchange.
Comments