3 Altcoins Reach Record Scarcity as Exchange Supply Falls to Multi-Year Lows
Three altcoins—Ethereum, Chainlink, and Pepe—are showing record scarcity as their exchange supplies hit multi-year lows despite recent price declines.Summary
Despite declining prices over the past month, several altcoins are exhibiting increased scarcity as investors aggressively accumulated them, driving exchange supplies to multi-year lows, which typically supports potential price increases. Ethereum (ETH) exchange supply fell to 15.8 million in October, a three-year low, compounded by nearly 29% of the total supply being staked. Chainlink (LINK) saw its exchange supply drop to 143.5 million, the lowest since October 2019, with whales engaging in strong accumulation. Finally, the meme coin Pepe (PEPE) reached its lowest exchange supply since 2023, even as its holder count grew, indicating strong holder loyalty despite recent price drops. This trend suggests investors are prioritizing tokens with resilient holder bases.
(Source：BeInCrypto)