A week after the largest crypto crash of the year wiped billions from digital asset valuations, traders are slowly returning to the market - and their focus is shifting toward altcoins.
While many investors remain cautious, new data from Santiment suggests that certain tokens are flashing early signs of renewed momentum.
According to the blockchain analytics firm, several networks have seen unusually high on-chain activity, indicating that speculation and transaction volumes are rebounding despite broader market weakness. Santiment analysts argue that heightened network movement following a major selloff can often signal accumulation, particularly when price performance lags behind other assets.
Santiment’s data visualization divided altcoins by their relative activity levels, marking “hot” tokens in dark red and “cold” ones in dark blue.
Among the most active networks this week were FTX Token (FTT), WAX, PAX Gold, OriginTrail, Synthetix, Euler, XYO, Yearn Finance (YFI), Status, and Bounce. The firm noted that these projects are seeing elevated transaction counts and wallet interactions – a pattern that historically precedes short-term recoveries.
Meanwhile, tokens showing minimal activity included Multi-Collateral DAI on BNB Chain, Nexus Mutual, RocketPool, Lido DAO, Maker, Staked Ethereum, MX Token, Clearpool, USDD, and Chromia. Santiment described these as “cold networks,” typically associated with lower investor engagement and fewer speculative trades.
The report emphasized that network activity remains one of the strongest predictive tools following a crash. “Hot” coins that have fallen in price may represent early rebound opportunities, whereas those that remain stagnant are likely to move sideways with the broader market.
In simple terms, Santiment’s framework suggests that when a token’s activity spikes but its price hasn’t yet caught up, smart money may already be positioning for a bounce. On the other hand, if a token is rallying while activity fades, a correction could soon follow.
With altcoins historically moving faster than Bitcoin in post-crash recoveries, traders will be watching closely to see whether these early signs of life mark the beginning of a broader market rebound — or just another short-lived rally.
