Santiment, a cryptocurrency analysis company, has conducted an analysis on the altcoin Fantom (FTM), which has experienced a significant depreciation in value. Despite this, Santiment analysts have highlighted positive signals for Fantom, including an increase in address activity to a 19-month high and the accumulation of FTM coins by crypto whales. Fantom recently underwent a migration to a new blockchain and was rebranded as S, with FTM coins able to be converted to S coins at a one-to-one ratio. At the time of writing, Fantom is trading at a 79% lower value than its all-time high three years ago.



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