The cryptocurrency market has seen an explosive rise in many altcoins over the last month. Due to the large inflow of capital, the altcoin market capitalization (TOTAL2) exceeded $1.7 trillion, a new all-time high. But in the first three weeks of October alone, more than $300 billion in value was wiped out.
As a result, several major altcoins are now facing profit-taking pressure from investors, reflected in increased supply on exchanges. Which altcoins are under the most pressure?
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1. Chain Link (LINK)
Chainlink (LINK) posted an impressive performance in Q3 2025, reaching over $28 in August as foreign exchange reserves continue to hit new lows. However, LINK exchange supply began to reverse in October, according to Santiment data.
In the past 7 days, LINK’s exchange supply has increased from 171 million tokens to 182 million tokens. If market conditions are favorable, there could be a healthy redistribution to new investors.
However, in the current climate of extreme fear, an increase in supply on exchanges could quickly turn into significant selling pressure.
Market sentiment is currently outpacing positive internal trends. Despite S&P Global’s new initiative to use Chainlink for its stablecoin project, LINK’s price has fallen more than 27% since the beginning of the month.
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2.XRP
According to Coingecko, XRP trading volume accounts for more than 16% of Upbit’s liquidity, indicating strong interest from Korean investors in the token.
As such, the level of Upbit’s XRP reserves serves as a useful indicator of investor sentiment. CryptoQuant data reveals a clear inverse correlation throughout the year. When an exchange’s XRP reserves increase, the price tends to fall and vice versa.
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In October, Upbit’s XRP reserves surged to their highest level since 2025, exceeding 6.1 billion XRP. This could indicate that selling activity among Asian investors could trigger broader selling across other exchanges.
A recent BeInCrypto report notes that on-chain data shows that whales, smart money, and long-term holders are reducing their exposure to XRP, suggesting further downside risk in the coming days.
3.ASTER
According to Nansen data, ASTER exchange supply has increased rapidly, increasing from approximately 670 million tokens to more than 875 million tokens in the past week, an increase of more than 30%.
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Following this rise, ASTER’s price fell by 50% to nearly $1.1. This suggests that investors are actively transferring tokens to exchanges for sale, creating further downward pressure.
These trends may signal a cooling-off period for Perps DEX-related coins, which was heavily discussed last month. Artemis reported that Aster DEX’s daily perpetual trading volume decreased from approximately $100 billion to $10 billion, a 90% decrease.
The pessimistic sentiment was so strong that even Robinhood’s listing of Aster could not stem the decline.
The price decline and exchange supply surge for these three altcoins could signal the start of capital rotation out of altcoins in October.
