Which Altcoins Are Accumulating on Exchanges This Month?

Yeliz Akmaca — Fri, 22 Aug 2025 14:30:24 +0000

In mid-August, some altcoins drew attention as exchange reserves decreased. This trend indicates that investors are withdrawing coins from exchanges to hold in their wallets. This behavior was particularly noticeable in projects like ENA, BIO, and API3, which attracted increased investor interest for various reasons.

Ethena (ENA) Rises Amid Buyback Program

Ethena (ENA) price surged 30% in August while exchange reserves dropped by 150 million ENA. This decline coincided with Ethena Foundation’s $260 million buyback program, which purchases around 5 million ENA daily.

Ethena’s revenue exceeded $500 million, and the USDe supply reached a record level. These developments strengthen investor confidence, making long-term holding more attractive.

BIO Protocol and Demand Driven by Staking

BIO Protocol, a prominent project in the DeSci sector, rose 265% in August. During this period, exchange reserves fell from 380 million BIO to 294 million BIO, a significant 22% drop. In the third week, investors withdrew 42 million BIO in just one week.

BIO’s staking program accumulated 25 million tokens, and Arthur Hayes’ $1 million investment drew attention to the project. Additionally, the BioXP reward system encourages users to promote the project on social media, further boosting interest and accumulation.

API3 and Momentum in the Oracle Sector

API3 rose 130% in August, and exchange reserves fell to their lowest level of the year. In the third week, 9 million API3 tokens were withdrawn, bringing reserves down to 17.19 million. The Upbit listing contributed to this surge.

The oracle sector in general attracted investor focus. Chainlink’s (LINK) rally highlighted similar projects. According to Artemis data, August was the best-performing period for oracle projects. API3 accumulation helped stabilize the price above $1.50.

These three altcoins demonstrated a selective altcoin rally in August. Buyback programs, staking incentives, and listings were key factors driving investor interest. In summary, ENA, BIO, and API3 showed strong accumulation signals alongside declining exchange reserves.

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3 Altcoins Exchange Reserves Plunge to Critical Levels!

Yeliz Akmaca — Fri, 08 Aug 2025 14:30:14 +0000

Significant changes are occurring recently in the exchange reserves of Ethereum, Chainlink, and Pi Network. Ethereum’s exchange reserves have fallen below 19 million ETH, reaching the lowest level in three years. ETH price approached $4,000 at the beginning of August. However, the price increase did not lead investors to send their ETH to exchanges. This indicates limited profit-taking. Meanwhile, institutional investors’ strategic ETH holdings surpassed $11.8 billion, helping Ethereum resist major selling pressure.

Ethereum Exchange Reserves and Institutional Demand

According to CryptoQuant data, strategic Ethereum reserves exceeded 2.7 million ETH and $10 billion at the end of July. In the first week of August, this figure rose to 3 million ETH. Institutional purchases kept ETH strong despite selling pressure. Investors interpreted the decrease in exchange reserves during ETH’s price rise as a sign of long-term confidence. This trend continues to support Ethereum’s market performance.

Chainlink (LINK) and Pi Network (PI) Exchange Reserves Activity

Chainlink’s exchange reserves have dropped by 16% since the beginning of the year to 146.2 million LINK. However, LINK price increased by 15%, rising from $15.5 to over $19. Santiment data revealed renewed accumulation of large LINK amounts in on-chain wallets. At the beginning of August, wallets holding between $100K and $1M LINK increased by 4.2%. Additionally, Chainlink Reserve, an application converting protocol revenues into LINK purchases, was launched in August, strengthening long-term accumulation trends.

Pi Network’s exchange reserves exceeded 405 million PI at the end of July but slightly dropped to 403 million PI in early August. This decline paralleled a 10% price drop to $0.366. Investors began to see these price levels as buying opportunities. This development, seen as a sign of renewed accumulation in Pi Network, warrants close monitoring of reserves. Meanwhile, while exchange supply decreases, prices show signs of recovery.

Conclusion

In the first week of August, Ethereum, Chainlink, and Pi Network experienced notable changes in exchange reserves. Institutional demand in Ethereum and long-term accumulation in Chainlink and Pi Network are dominant factors. These dynamics suggest the market is poised for a new upward momentum.

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