The Santiment analytical platform has recorded the largest outflow of PEPE and Chainlink tokens from centralized exchanges in recent months. During the day, 4.54 trillion PEPE tokens were withdrawn from trading platforms, which was the highest since November 14, 2024. Reducing exchange reserves traditionally reduces selling pressure and the risk of a sharp collapse in quotations. Experts noted that memcoin was trading in a sideways range against the background of capital rotation, and also recalled the application for the launch of a core ETF, which is expected to be decided later this year. At the same time, an outflow of 1.26 million LINK coins was recorded, the largest since June 29. This coincided with positive fundamental news: Chainlink's participation in DTCC operations with tokenized securities and the expansion of the CCIP protocol to the Canton and Robinhood Chain networks.

Researchers from CryptoQuant have confirmed the trend of accumulation of assets by large holders. Bitcoin whale stocks, excluding exchanges and mining pools, rose to 3.06 million coins. Active buying took place during the June price drop below sixty thousand dollars. Ethereum owners with balances from ten to one hundred thousand coins have brought their reserves to a record 19.6 million ETH. The largest wallets with over one hundred thousand coins have also accumulated about 1.8 million ETH since mid-2025. XRP holders maintain large spot orders in the range of one dollar to $1.2, which indicates accumulation of positions without aggressive market purchases. Current market valuations of core assets are approaching historical undervaluation zones.

The combination of these factors indicates the possible completion of a protracted phase of decline. Analysts believe that selling pressure is easing, and "smart money" is beginning to seize the initiative from retail investors. Such dynamics are typical for the final stage of a bear cycle, when large players use low prices to form long-term positions. Nevertheless, experts warn of the continued risk of further price declines until the final confirmation of the market bottom. The ratio of risk to potential return is improving, but volatility may persist. Earlier, Wintermute representatives also pointed to signs of exhaustion of the downward trend potential and the market's resilience to macroeconomic shocks.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.