Cryptocurrency analysis company Santiment, in its statement, drew attention to the increase in the transaction volume and social media networks of a token that we often heard about when there was a DeFi bull.
According to Santiment analysts, Flamingo (FLM) has reached the highest level in the last five weeks in mention data on social media networks, after a 79% rise at its peak during the day.
In addition, the transaction volume of the FLM token reached its highest level after the pump in June 2022. Despite this, the price of the altcoin is well behind its all-time high, as many other cryptocurrencies have experienced.
According to the data, the FLM token lost 91% of its value from the level of $ 1.24 on April 7, 2021 and is traded at $ 0.1063 at the time of writing this article. Despite this, the token has rebounded from its all-time low 19 days ago and is up 128% from that level.
Flamingo is known as a DeFi platform built on the NEO blockchain, which was once shown as an alternative to Ethereum but whose name we do not mention much.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/statement-from-santiment-about-the-secluded-altcoin-volume-and-mentions-are-skyrocketing/