According to @alice_und_bob, high community engagement was observed at the Pyth EU event, with participants actively networking after the speeches (source: Twitter/@alice_und_bob, May 22, 2025). For traders, such events often signal increased developer interest and potential ecosystem growth for the Pyth Network, which can lead to higher on-chain activity and speculative trading opportunities. Historically, positive sentiment and social engagement around Layer 1 oracle projects like Pyth have correlated with short-term price momentum and increased liquidity according to Santiment and LunarCrush social metrics analysis. Traders should monitor trading volumes and social sentiment indicators for Pyth-related tokens to identify actionable trends.