Stellar (XLM), Near Protocol (NEAR), XRP Rallies Are Ending: 160% in Exchange Deposits

The cryptocurrency market, especially altcoins, are taking a hit as investors are taking profits.

Arman Shirinyan · 1 Oct 2026 · 5 min read

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Stellar (XLM), Near Protocol (NEAR), XRP Rallies Are Ending: 160% in Exchange Deposits

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By
Arman Shirinyan

Thu, 1/10/2026 – 8:25

The cryptocurrency market, especially altcoins, are taking a hit as investors are taking profits.

Stellar (XLM), Near Protocol (NEAR), XRP Rallies Are Ending: 160% in Exchange Deposits

Cover image via depositphotos.com

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More pressure might arise
Is there more to sell?

The latest altcoin rally is running into a potentially serious supply problem. Exchange deposits involving altcoins surged roughly 160% in only two weeks, raising the possibility that holders are beginning to lock in profits after September’s strong performance.

More pressure might arise

According to CryptoQuant data, the seven-day number of altcoin deposits reached approximately 78,000 transactions on September 28, compared with 29,800 on September 14. This is the highest reading since October 2025. More importantly, depositing addresses nearly tripled from 17,600 to approximately 51,600, suggesting the increase is broad rather than being caused by several large wallets.

That creates an uncomfortable backdrop for some of September’s strongest performers. Near Protocol (NEAR) is trading around $5.29 after gaining approximately 21.7% over seven days, according to the supplied market data. Stellar (XLM) remains up approximately 9.9% for the week at $0.2236, while XRP trades around $1.48 after its own substantial September advance.

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Is there more to sell?

The problem is that these rallies created a much larger pool of holders sitting on unrealized profits. Moving tokens onto centralized exchanges does not prove that investors will sell, but it puts those assets immediately within reach of market liquidity.