By Key Points
- Altcoin market cap hits $1.1T as meme coins show bullish signals
- PEPE’s exchange supply drops to its lowest in a year
- SPX sees over 53% decline in reserves in just two weeks
- FLOKI drops 37% after major Robinhood listing
Meme Coins Exchange Reserves are falling fast, and that’s a signal investors should pay attention to. In the second week of August, three major altcoins, PEPE, SPX, and FLOKI, saw dramatic drops in their exchange reserves.
This trend isn’t just noise. Lower exchange reserves typically point to accumulation, meaning holders are moving their tokens to private wallets, reducing the available supply for trading. In crypto terms, that’s often a bullish signal.
And the timing couldn’t be better. The altcoin market cap (TOTAL3) has pushed past $1.1 trillion, needing just under 10% growth to reach a new all-time high. As Bitcoin and Ethereum options activity grows and major players adjust their positions, meme coins might be the next breakout stars.
PEPE, SPX, and FLOKI Show Sharp Reserve Declines
1. PEPE Hits 1-Year Low on Exchanges
PEPE, one of the most traded meme coins, has seen a major shift in supply. According to Santiment, only 97 million PEPE remain on exchanges as of August 10, the lowest level in a year.
Just a year ago, over 215 million PEPE were on exchanges. That’s a drop of more than 55%, indicating that more investors are holding for the long term.
PEPE Supply on Exchanges. Source: Santiment. – Techtoken
The number of PEPE holders also jumped by 25%, rising from 378,000 to 474,000 this year. While the token hasn’t returned to its late-2024 highs, this kind of on-chain data tells a different story: investor confidence is growing.
With Ethereum also seeing increased accumulation, Ethereum-based meme tokens like PEPE might ride the next wave of capital flow. This mirrors the kind of strategic sentiment seen in events like the recent SEC-Ripple settlement update, where clarity boosted long-term holder confidence.
2. SPX Drops 53% in Just Two Weeks
SPX6900, better known as SPX, spiked to an all-time high of $2.28 in late July. But after the peak, the token pulled back to $1.56, a 30% decline in value.
Still, exchange data tells a more bullish tale. In July, 94 million SPX sat on exchanges. By mid-August, that number plunged to 43.7 million—a massive 53% drop.
SPX Supply on Exchanges. Source: Santiment. – Techtoken
Most of that drop came in just two weeks, suggesting rapid accumulation by SPX holders. Many investors are following the lead of meme coin trader Murad, who holds a large SPX portfolio and is known for spotting early opportunities in the meme market.
Even market experts are pointing to SPX’s strong community. Matt Ballensweig, Head of Trading at BitGo, said:
People often scoff when I say that “belief” is the ultimate value-driver of #SPX6900 long-term.
But think hard about what other major global-scale communities have been birthed on belief alone. I’ll give you a hint, there are about 7-10 of them.
And they’re all invaluable.
— Matt Ballensweig 💹 🧲 (@mtballensweig) August 14, 2025
“People often scoff when I say ‘belief’ is the ultimate value-driver of SPX6900. But think about how many big communities started with belief alone.”
These sentiment-driven movements align with similar trends in altcoins like SKALE, which recently saw a notable surge in SKALE trading volume that reflects renewed investor interest.
3. FLOKI Supply Drops Despite Robinhood Boost
FLOKI saw one of the most surprising exchange reserve drops this August. Despite getting listed on Robinhood, a major retail trading app, FLOKI’s reserves fell to 947 billion tokens—down 37% from last year’s peak.
You’d expect the token to flood exchanges due to the listing, but instead, holders are removing supply, signaling strong confidence in its long-term potential.
FLOKI Supply on Exchanges. Source: Santiment. – Techtoken
In their official announcement, FLOKI’s team said:
“Floki has gone from a meme to a movement. It now sits alongside the most recognizable assets in crypto and finance.”
$FLOKI is Now Listed on the Robinhood App
This marks a huge step forward for Floki, unlocking access to 25+ million users on the most influential retail trading platform in the world.
Floki has gone from a meme to a movement, and now it’s sitting alongside the most recognizable… https://t.co/iAdne5mgZe pic.twitter.com/5ka7ZHMTWi
— FLOKI (@FLOKI) August 7, 2025
With Robinhood’s 25+ million users, FLOKI just unlocked mainstream access, and investors are responding by securing their holdings in private wallets.
These kinds of strategic shifts mirror other bold market plays, such as when OKX burned $2.6 billion worth of OKB tokens, cutting token supply by 93% to fuel scarcity and value.
Why Meme Coins Exchange Reserves Matter Right Now
The drop in exchange reserves for PEPE, SPX, and FLOKI isn’t a coincidence; it reflects a broader investor mindset. These meme coins are being accumulated with the belief that capital will flow out of BTC and ETH and into smaller, high-potential tokens.
As we’ve seen from the recent Bitcoin miner-AI partnership, innovation and accumulation are now tightly connected in crypto. When investors see an opportunity, they’re not just trading; they’re strategically positioning.
With altcoins nearing an all-time high market cap and meme tokens leading the liquidity charts, this accumulation trend could signal strong price action ahead.
In crypto, on-chain behavior often speaks louder than headlines. And right now, the behavior is clear: Investors are betting big on meme coins.
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