Why Prices Could Feel Pressure: 3 Altcoins With Rising Exchange Supply

The cryptocurrency market witnessed an explosive rally among many altcoins in the previous month. Massive capital inflows pushed the total altcoin market capitalization (TOTAL2) to a new all-time high above $1.7 trillion. However, within just the first three weeks of October, more than $300 billion in value has been wiped out.

As a result, several major altcoins are now facing profit-taking pressure from investors, reflected in their rising supply on exchanges. Which altcoins are under the most pressure?

1. Chainlink (LINK)

Chainlink (LINK) delivered an impressive performance in Q3 2025, reaching over $28 in August, while its exchange reserves continued to hit new lows. However, data from Santiment shows that LINK’s exchange supply has started to reverse in October.

Over the past seven days, LINK’s exchange supply increased from 171 million to 182 million tokens. A positive market environment could signal a healthy redistribution to new investors.

LINK Supply on Exchanges. Source: Santiment

But in the current climate of extreme fear, the growing supply on exchanges may quickly become heavy selling pressure.

Market sentiment now outweighs positive internal developments. Despite S&P Global’s new initiative to use Chainlink for a stablecoin project, LINK’s price has dropped by more than 27% since the start of the month.