Three altcoins are creating waves due to the scarcity of supply on the exchange.

In the past month, several altcoins have demonstrated exceptional strength, despite widespread concerns in the market. Although prices have fallen, investors have not rushed to sell off but rather, have actively engaged in accumulation. This move has led to a record low supply of some altcoins on the exchange, creating scarcity — a key factor driving potential bullishness in the future. So, which altcoins are standing out with this trend?

Ethereum (ETH)

Ethereum (ETH) continues to assert its position as one of the most sought-after altcoins by both financial institutions and individual investors. Notably, the scarcity of ETH on exchanges has reached a critical level. According to data from CryptoQuant, the supply on exchanges has decreased to 15.8 million ETH in October, the lowest level in three years.

Ethereum reserves on exchanges | Source: CryptoQuantNot only that, the amount of ETH that can be purchased on the market is becoming increasingly scarce as more tokens are being staked. Data from Dune shows that the total amount of ETH staked has continuously increased over the past five years and has now reached nearly 36 million ETH, accounting for about 29% of the total supply.

ETH stake rate | Source: DuneAlthough the negative sentiment in October has caused the price of ETH to fall below the 4,000 USD mark, the increasing scarcity is reinforcing the recovery outlook.

Chainlink (LINK)

Chainlink (LINK) also surprised as the supply on exchanges decreased to 143.5 million LINK — the lowest level since October 2019. Since the beginning of the year, the balance of LINK on exchanges has sharply declined from over 220 million LINK to 143.5 million LINK, which is about 80 million LINK ( equivalent to 11% of the circulating supply ) that has been withdrawn from exchanges just in the year 2025.

Supply of LINK on the exchange | Source: Santiment. According to a report from Coinphoton, LINK is undergoing one of the strongest accumulation phases by whales in many years. The latest update from Chainlink Reserve shows that over 11 million USD worth of LINK has been accumulated since the program launched in August.

The amount held (in LINK) of Chainlink Reserve | Source: Chainlink ReserveAlthough the amount of LINK in the Chainlink Reserve is still modest compared to the total supply, this reflects the project's long-term strategic commitment. This accumulation behavior further reinforces the scarcity mentality among the holder community, and discussions about LINK remain optimistic, despite a 25% fall in October.

Pepe (PEPE)

PEPE, a meme coin based on Ethereum, continues to maintain its position as one of the most liquid meme tokens in the market. Over the past month, despite investor interest shifting towards security coins and derivative DEX tokens, PEPE has still retained its unique appeal.

PEPE supply on the exchange | Source: SantimentData from Santiment shows that PEPE supply on the exchanges has decreased to its lowest level since 2023, with 86.39 trillion PEPE being held on the exchanges, accounting for about 20% of the circulating supply. This declining supply trend reflects the persistent loyalty of holders to PEPE.

In 2025 alone, the number of PEPE holders has surged from 369,000 to over 491,000, according to CoinMarketCap statistics. The decrease in supply on the exchange, along with the increase in the number of holders, occurred even when the price of PEPE returned to the beginning of the year in October, indicating that the majority of holders remain steadfast in holding despite not having profits.

The number of people holding Pepe | Source: CoinMarketCapInvestor Defizard shares: “If you think PEPE is a bad investment, think again. Long-term holders will not be easily shaken. I am one of them, and this price is really too attractive to ignore.”

The aforementioned altcoins demonstrate that even in the context of a bearish market, investors still trust and prioritize holding the tokens they believe can preserve the value of their investment portfolio. Whether leading altcoins or meme tokens, they all share common characteristics: resilience through multiple market cycles, a loyal holder community, and strong liquidity. This is the solid foundation for long-term growth potential.

Mr. Giáo