Yes. The trending tag has been #spanish but in the venezuelans would talk their own language it would have been #venezuelish. Im not sure about the numbers, but I'd say that more than 95% of the post writen in spanish are writen from venezuelans. The on-boarding on that country have been massive over the last 3 years. Users are good and add value to the chain (specially those who write high quality content) but there is also a lack of investors. And we all know what happens if people only sells and no body buys.
RE: Steem account holders have transferred over $300,000 to one Venezuelan exchange since it opened at the beginning of 2018