The crypto market capitalization for the first week of September moved within a narrow range of around $3.8 trillion, waiting for the next move. Is it a breakout or a sale? There may be an answer in the market soon. In this context, some Altcoins recorded a sharp decline in exchange reserves.
These altcoins carry their own momentum. If overall market sentiment is positive, synergy can benefit early buyers.
1. Ethereum (eth)
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News about listed companies that have accumulated ETH for the past two months have appeared almost every day.
As of September 5, companies had purchased over 4.7 million ETH, over $20.5 billion, for their strategic ETH reserve, according to data from Strategic ETH Reserve.
As a result, the amount of ETH in exchange dropped sharply. As shown on the steep chart, the pace of decline has been accelerating over the past few months.
Encrypted data shows that by the first week of September, only about 17.3 million ETH remained in exchange. A recent Beincrypto report warned that ETH is facing a rare supply shock.
Meanwhile, Eco-Inometrics reported that the Ethereum ETF inflow continues to narrow the gap in Bitcoin. This highlights a shift in investor interest as more attention is paid to ETH.
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“Since mid-July, Bitcoin ETF flow has been flat. In contrast, Ethereum is in the strongest inflow streak since its launch. Bitcoin still has a big lead, but Ethereum is catching up quickly,” Eco-Inometrics said.
2. Euler (EUL)
Santiment data shows that Euler (EUL) Exchange Reserves fell to a year-old low of 358,000 EUL in the first week of September.
More than 437,000 EULs have withdrawn from exchanges from the peak of 795,000 EULs in late August.
Interestingly, this accumulation occurred one week before the EUL was listed on Bithumb, causing a price spike of over 30%.
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On-chain data suggests that smart money will move early and accumulate EUL prior to announcement. But the motivation may go beyond simple “selling news” deals. It may reflect a growing investor confidence in the project.
A recent Beincrypto report shows that the Locked Value (TVL) for this lending protocol reached an all-time high of over $1.5 billion in September. Additionally, protocol revenue and fees surged by over 500% in 2025, indicating strong user recruitment.
3. Maple Finance (syrup)
Santimento data reveals that the replacement reserves of syrup have fallen to a three-month low of 61.15 million syrup. Since the beginning of September, more than 20 million syrup have left the exchange.
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The chart shows that this downtrend began in July. However, the price of the syrup remains at about $0.5 without exceeding $0.6.
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This accumulation could indicate new investors’ trust in the syrup and lay the basis for price increases.
According to additional data from Defillama, Maple Finance’s TVL has increased 600% this year from $300 million at the start of 2025 to a record high of September. Currently, the digital asset lending platform reports $3.35 billion in assets under management (AUM). These numbers highlight the potential for upsides in syrup.
All three Altcoins share a common theme: Ethereum and Projects in its ecosystem. This story could be a major driving force in the market by the end of the year.
