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BTC 
NEAR 
XLM 
XRP Altcoin exchange deposits surged 160%, profit-taking triggered selling concerns.
Altcoin deposits on the exchange have risen sharply, raising concerns that it may face huge selling pressure. As multiple digital assets experienced a strong rebound in September, holders seem eager to cash in on recent gains.
Altcoin deposits hit annual high
According to CryptoQuant, as of September 28, the number of daily deposit transactions involving altcoins has climbed to approximately 78,000. Compared with the 29,800 recorded on September 14, this number achieved a significant increase of 160% in two weeks, setting the highest level of deposit activity since October 2025.
This growth showed widespread distribution, with the number of unique deposit addresses almost tripling from 17,600 to approximately 51,600 during the same period. This suggests a wide range of investors participating rather than short-term fluctuations dominated by a few large traders. This expanded activity has brought "the highest level of altcoin deposits in nearly a year," and CryptoQuant emphasized that as market dynamics change, there is a need to pay close attention to allocation risks and support levels.
Profit-taking exacerbates volatility in top-gainer tokens
NEAR Protocol (NEAR), the leader in the September altcoin rally, is currently trading at around $5.29 after rising about 21.7% in a week. Stellar (XLM) maintained a weekly gain of nearly 9.9% at $0.2236. At the same time, XRP is worth approximately $1.48, reflecting significant monthly appreciation.
However, the intensification of deposit activity suggests that a growing number of token holders now have significant unrealized profits on hand. Moving assets to a centralized exchange does not guarantee an immediate sell-off, but it would bring the tokens closer to liquidity and increase the risk of large-scale distribution if profit-taking accelerates. CryptoQuant interpreted the surge as a signal of rising selling potential and warned that such developments could put pressure on support levels established during the recent rally.
Momentum weakens and market conditions turn cautious
The short-term momentum of these tokens has shown signs of fatigue. Despite the weekly gains, NEAR and XLM have dropped approximately 2.9% and 1.5% respectively in the past 24 hours. XRP also retreated by approximately 1.2% over the same period.
The broader crypto market is also showing tentative signals. CryptoQuant data shows that spot demand for Bitcoin fell by approximately 170,000 BTC in 30 days. Meanwhile, growth in demand for speculative futures fell by about 90% between September 14 and 29. As of the latest data, the average unrealized profits held by recent Bitcoin buyers are close to 33%.
While these indicators do not definitively mark the end of the rebound in assets such as XLM, NEAR and XRP, the surge in exchange deposits sends a signal that there is a higher probability of allocation in the market environment. Given the importance of monitoring market changes, especially after large price increases, investors 'attention has also turned to secondary markets, where investor behavior can quickly change sentiment. In the meme token market, Internet trends can turn into millions of dollars of interest in a matter of days. According to data shared by the Fomo App, one deal involving "Niu Lai" was particularly eye-catching, which converted an initial $99 investment into approximately $370,000, making it a prominent case of such activity. In this market, it is crucial to track investors not only focusing on prices, but also their investment timing and token selection. The Fomo App integrates token discovery and trading on one platform, providing features such as social dynamics, investor ranking and transaction notification.
The immediate test for major altcoin holders is whether existing market demand can absorb this increased supply without eroding the key support areas established during the September rally.
