Santiment, a prominent crypto analytics firm, recently analyzed the performance of Fantom ($FTM).

In a post in Santiments’ Insights blog that was published on 1 February 2023, the firm noted that the trading volume of $FTM has not cooled down, despite prices rising rapidly. This, according to Santiment, is a positive sign that the rally still has some momentum.

Additionally, the firm found that the average age of investment for $FTM dropped significantly in the second half of February, indicating that dormant coins are being activated and contributing to the price rise. The post also mentions that whale transactions were observed around January 19th and 20th, which may have further fueled the price surge.