While the prices of several major altcoins, such as ethereum (ETH), binance coin (BNB), and XRP, have declined significantly over the past 24 hours, Santiment data indicates that their social volume has increased.

In addition, bitcoin's social media popularity skyrocketed in mid-March, but due to recent events involving the US Securities and Exchange Commission (SEC) and the leading cryptocurrency exchanges Binance and Coinbase, its social media trend has decreased substantially.

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In contrast, ethereum, XRP, and BNB experienced a significant increase in social sentiment.

The social volume of Dogecoin (DOGE) and Cardano (ADA) has also decreased as their prices have fallen to $0.27 and $0.06, respectively.

While the social volumes of ETH and XRP increased, their values fell by 0.5% and 4.8%, respectively.

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BNB, on the other hand, saw both its social volume and price increase significantly. At the moment of writing, BNB is trading at $247.09, a 4.8% increase over the previous twenty-four hours. The asset's price increase coincides with a 30% increase in its 24-hour trading volume, which presently exceeds $967 million.

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The social trends coincide with the SEC's classification of 67 cryptocurrencies as securities. According to a report by crypto.news, the value of the regulator's listed assets exceeds $100 billion, representing over 10% of the global crypto market capitalization.