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RE: Science says: Blog when there's blood in the street
I just finished reading the article and found the same two things to be the interesting takeaways as you did: 1) token price affects the social interactions on chain, but the social interactions on chain don't affect the price, and 2) more people interact here when the prices are high.
It's a little depressing to think that the actual use of the token seems to have little impact on the price, but I guess not completely surprising. Speculators probably don't care much about any underlying value, they just want small, high-volatility assets.
I agree. I notice the same thing with BAT and PRE, too. Both of those have real utility and sizeable user bases, but still not enough to reduce the price swings.