September witnessed a wave of listings across major crypto exchanges. From Coinbase in the US to exchanges in South Korea, new listing announcements were made almost every day. In this context, some altcoins recorded strong accumulation signals after going live.
These signals appear in two key areas: a decline in exchange reserves and a rise in reserves held by top wallets. This trend is especially notable during the sharp market correction in the final week of September.
1. Avantis (AVNT)
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Avantis (AVNT), the utility and governance token of the perps DEX Avantis, was listed simultaneously on Binance, Upbit, and Bithumb in September. This gave AVNT abundant liquidity, with daily trading volume consistently exceeding $1 billion.
Nansen data shows that AVNT’s exchange reserves fell more than 5.4% in the last week of September, dropping from over 106 million to nearly 104 million. At the same time, the reserves of the top 100 wallets rose by 2.87%.
For many traders, AVNT’s price drop in late September looked like an opportunity to buy and accumulate.
Avantis currently benefits from heightened investor interest in perps DEX tokens, which surged throughout September. Investors often seek out newly launched tokens during emerging trends, hoping to maximize profits.
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Author: Nhat Hoang
