The final week of September brought sharp corrections across the crypto markets. While Bitcoin and leading altcoins declined—prompting caution among traders—some newly listed tokens told a very different story. Falling exchange reserves alongside rising whale wallet holdings signaled strong accumulation in select altcoins.
Notably, Avantis (AVNT), Popcat (POPCAT), and Troll (TROLL) emerged on investors’ radar during this period.
1. Avantis (AVNT)
The native token of decentralized perpetuals exchange Avantis, AVNT, was listed simultaneously on Binance, Upbit, and Bithumb in September. These listings drove significant liquidity into the project, pushing daily trading volumes above $1 billion.
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AVNT’s exchange reserves fell 5.4%, from 106 million to 104 million.
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At the same time, the top 100 wallets’ holdings increased 2.87%.
This data suggests that institutional and large-scale investors used the dip as a buying opportunity.

Investor sentiment reflects this trend. One trader on X noted:
“Some of my friends made millions from Binance’s new tokens AVNT and ASER. HYPE’s market performance is raising expectations. People usually rank projects in the same sector as 1, 2, 3. The on-chain derivatives market is still in its early stage.”
With perps DEX platforms in the spotlight, AVNT continues to attract strong attention and new capital.
2. Popcat (POPCAT)
Popcat (POPCAT), a meme token built on Solana, was first listed on Binance Alpha in April. In September, it secured a listing on Bithumb, one of South Korea’s largest exchanges—fueling speculation of a potential future Binance spot listing.
Despite the positive news, POPCAT dropped more than 30% in September, hitting $0.21—its lowest level since April.

Yet, on-chain data revealed a bullish backdrop:
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Exchange reserves decreased 4.9%, from 485 million to 456 million.
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Leading whale wallets grew holdings by 5.8%.
Investor Alfie commented:
“$0.21 is the maximum opportunity zone for Popcat. Its Korean listings prove it’s a fully community-driven project. The exchanges listed it without charging fees, which is very reassuring.”
Adding to the intrigue, 16 million POPCAT was transferred from Binance wallets to a new address that interacts with Bybit and Bithumb—hinting at fresh accumulation and potential upward moves ahead.
3. Troll (TROLL)
The meme token Troll (TROLL) gained traction in late September after its Coinbase listing, opening access to U.S. investors and boosting liquidity. According to CoinMarketCap, Coinbase now accounts for over 24% of TROLL’s daily trading volume.

The token is also part of the Binance Alpha program, raising speculation of a spot listing in the near future.
Following its recent listing:
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Exchange reserves plunged 18.8%.
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Whale wallet holdings increased 3.4%.
Meanwhile, community momentum is surging. Data from Stalkchain shows that in just the past 30 days, the $TROLL community generated over 304,000 posts on X. This massive engagement highlights how attention—the lifeblood of meme tokens—is concentrating on TROLL.
Overall Takeaway
The late-September correction spurred investors to rotate into newly listed tokens rather than retreat from the market.
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AVNT capitalized on the perps DEX narrative with soaring volumes.
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POPCAT attracted whales during its price dip, suggesting rebound potential.
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TROLL gained liquidity through Coinbase and captured strong community momentum.
Even in periods of volatility, investor focus appears to be shifting toward new listings, DeFi infrastructure growth, and meme token hype.
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