Investors strongly accumulated several altcoins during the last week of August. They withdrew assets from exchanges, leading to a significant decline in reserves.

As altcoin season becomes more selective, exchange reserve data may offer useful insights for investors restructuring portfolios for the year’s final quarter.

1. Chainlink (LINK)

Santiment data shows Chainlink’s (LINK) exchange reserves fell to a one-year low in the last week of August.

About 186.6 million LINK remain on exchanges, down from 212 million in July. This means more than 25 million LINK have been withdrawn in just over a month.

The launch of Chainlink Reserve in early August boosted investor sentiment. As of August 28, Chainlink Reserve held 193,076 LINK tokens.

By the end of August, Chainlink announced a partnership with the US Department of Commerce, which will bring macroeconomic data such as GDP and the PCE Index on-chain, further strengthening accumulation momentum.

Recent charts illustrate a notable shift over the past two months. Previously, LINK reserves on exchanges increased along with price rises, indicating selling pressure. However, in recent weeks, LINK’s price has climbed while reserves have decreased, signaling ongoing optimism.

2. Numeraire (NMR)

CoinMarketCap data shows NMR surged 120% in the last week of August, wi

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Author: Nhat Hoang

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