September witnessed a wave of listings throughout main crypto exchanges. From Coinbase within the US to exchanges in South Korea, new itemizing bulletins had been made virtually day-after-day. On this context, some altcoins recorded robust accumulation indicators after going stay.
These indicators seem in two key areas: a decline in alternate reserves and an increase in reserves held by prime wallets. This development is very notable in the course of the sharp market correction within the remaining week of September.
1. Avantis (AVNT)
Sponsored
Sponsored
Avantis (AVNT), the utility and governance token of the perps DEX Avantis, was listed concurrently on Binance, Upbit, and Bithumb in September. This gave AVNT plentiful liquidity, with every day buying and selling quantity persistently exceeding $1 billion.
Nansen knowledge reveals that AVNT’s alternate reserves fell greater than 5.4% within the final week of September, dropping from over 106 million to almost 104 million. On the identical time, the reserves of the highest 100 wallets rose by 2.87%.
For a lot of merchants, AVNT’s value drop in late September seemed like a possibility to purchase and accumulate.
Avantis presently advantages from heightened investor curiosity in perps DEX tokens, which surged all through September. Buyers typically search out newly launched tokens throughout rising tendencies, hoping to maximise income.
“Not too long ago, a number of pals round me made a number of million by way of Binance’s new tokens AVNT and ASTER. Why is the wealth impact so robust? On one hand, HYPE’s robust efficiency available in the market has raised everybody’s expectations. In any case, individuals like to rank opponents in the identical sector as 1, 2, 3. In the meantime, the on-chain derivatives market continues to be in its early stage,” one dealer on X mentioned.
2. Popcat (POPCAT)
Sponsored
Sponsored
Popcat (POPCAT), a meme token on Solana, was first listed on Binance Alpha in April. In September, Bithumb additionally listed the token, elevating expectations that it might quickly safe a spot itemizing on Binance.
Regardless of itemizing information, the token hit a brand new low since April, dropping to $0.21 after a decline of greater than 30% in September.
Even with the downturn, knowledge reveals POPCAT’s alternate reserves fell 4.9% final week, from over 485 million to only above 456 million. In the meantime, prime whale wallets elevated their holdings by 5.8% over the identical interval. This implies accumulation as traders purchased the dip.
“21 cent popcat is a max alternative zone. At the moment, one of many largest Korean exchanges listed it. It’s a totally community-owned token with no central entity. No person paid for Bithumb. The alternate actually mentioned, ‘This can be a good token.’ It collected and was then listed. Count on any such conduct to proceed,” investor Alfie mentioned.
Sponsored
Sponsored
Different traders seen that Binance wallets despatched 16 million POPCAT to a wholly new deal with. That deal with later interacted with main exchanges Bithumb and Bybit, suggesting rising buying and selling exercise.
This raised hopes that the token may quickly see massive transactions fueling upward momentum.
3. Troll (TROLL)
This week, Coinbase introduced the itemizing of TROLL, giving the meme token entry to U.S. traders and increasing liquidity. After the itemizing, CoinMarketCap reported that Coinbase accounted for greater than 24% of TROLL’s every day buying and selling quantity.
TROLL can be included within the Binance Alpha program. Coinbase’s itemizing has fueled investor hopes that Binance might quickly add TROLL to its spot listings.
Sponsored
Sponsored
Within the brief time period, Nansen knowledge reveals TROLL’s alternate reserves dropped 18.8% this week, whereas prime whale wallets elevated their holdings by 3.4%. On-chain actions level to lively accumulation as traders look forward to the subsequent catalyst.
Group engagement knowledge additionally highlights rising consideration to TROLL. Stalkchain reported that previously 30 days, the $TROLL group created about 304,000 posts on X.
As a meme token, consideration is vital. The rising highlight on TROLL suggests a probably optimistic situation.
These three altcoins spotlight a transparent development in late September: traders are gravitating towards newly listed tokens and positioning themselves in rising narratives corresponding to perps DEX.
