3 Cryptos Whales Are Quietly Accumulating Ahead of September 2025

Jakarta, Pintu News – As reported by BeInCrypto, ahead of the last week of August and the new month, a number of altcoins experienced a sharp decline in exchange reserves. This trend reflects the growing interest in off-exchange accumulation and storage.

This shift has become more prominent, especially as the so-called altcoin season has become more selective. So, which tokens are showing this surge in accumulation, and what factors are driving investor optimism?

Ethene (ENA)

Data from Santiment shows that Ethena (ENA) reserves on exchanges fell from 1.3 billion to 1.15 billion in the third week of August. This means that about 150 million ENA left the centralized exchange.

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This decline coincides with ENA’s price surge of 30% during August, from $0.51 to $0.65.

The fall in ENA reserves also coincided with the announcement of a $260 million buyback program by the Ethena Foundation. The program allocates around $5 million per day to buy back ENA from the market.

According to Tokenomist estimates, these buybacks could potentially absorb around 3.48% of the total outstanding supply. The absorption of selling pressure is a boost to long-term investor confidence.

In addition, Ethena recorded important milestones in August: revenues surpassed $500 million, while USDe supply reached a record high of $11.7 billion. It was these factors combined that drove the accumulation of ENA and the decline of reserves on the exchange.

BIO Protocol (BIO)

BIO Protocol, one of the leading projects in the DeSci sector, recorded an outstanding performance in August with a price increase of over 265%.

Along with the price surge, reserves on the exchange also fell sharply. From the beginning of August until now, reserves have decreased from 380 million to 294 million BIO – a drop of more than 22%.

The third week of August was the period with the most significant movements. In one week alone, investors withdrew 42 million BIO, bringing the exchange’s reserves to their lowest level this year.

Several catalysts explain this wave of accumulation. Early August, BIO launched a staking program that attracted more than 25 million tokens. In addition, Arthur Hayes co-invested $1 million into BIO this week, which again increased market attention.

BIO Protocol also introduced a new strategy to reach out to investors. Users are invited to talk about the project on social media to earn BioXP, which gives access to the first sale of BioAgent.

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The combination of these factors increases visibility, attracts new investors, and accelerates the pace of accumulation.

API3 (API3)

API3 (API3), an oracle-focused project, again attracted investor interest in August with a price increase of more than 130%. At the same time, reserves on the exchange fell to their lowest point so far this year.

The third week of August was a watershed moment. More than 9 million API3s were withdrawn from the exchange, shrinking the supply to just 17.19 million.

The trigger was the listing of API3 on Upbit. According to BeInCrypto’s report, the token price immediately jumped more than 120% after the listing.

In addition, investor attention to the oracle sector has also increased thanks to the Chainlink (LINK) rally. LINK’s strong performance over the past month has had a positive impact on related projects. Data from Artemis confirms that oracles were the best performing sector in the market during August.

This surge in API3 accumulation has kept the price steady above $1.50.

Taken together, these three altcoins highlight the diverse drivers of August’s selective rally. While the broad altcoin season has yet to truly kick in, projects with unique catalysts – whether through buyback programs, staking incentives, or exchange listings – managed to attract both investor attention and capital.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Made in USA Coins Watch September Rate Cuts. Accessed on August 29, 2025