Bybit x Santiment Community Sentiment Report: OM Collapse and XRP ETF Reveal Investor Sentiment is Polarizing

Odaily Planet Daily News Cryptocurrency exchange Bybit and crypto market intelligence platform Santiment recently released a social sentiment analysis report, revealing two distinct narratives currently shaping the cryptocurrency landscape: the collapse of MANTRA's OM token and the growing optimism surrounding the approval of a potential XRP ETF. The report points out that investor sentiment has become polarized under the influence of macroeconomic paradigm shifts and a series of events. The report analyzes the 90% plunge of the OM token in a few hours on April 13. Although the project party pointed the blame to the exchange, on-chain analysis showed a series of suspicious trading operations before the crash. At the same time, XRP has become a popular candidate for the next spot ETF approved by the United States with its high market depth and multiple ETF applications. The first US-based XRP ETF (code: XXRP) launched by Teucrium had a first-day trading volume of more than $5 million. Amid the backdrop of global trade tensions and Bitcoin stabilizing between $83,000 and $86,000, market participants are closely watching the upcoming Federal Reserve meeting on May 7, where there is a 54% chance of a rate cut, which could further influence market dynamics.