12 Altcoins Show Accumulation Signals on Gate as 6 See Inflows

A Cryptoquant analysis published June 23 flagged a sharp split in token flows on the Gate exchange. Twelve altcoins recorded net outflows, a pattern traders often read as accumulation. Six other tokens saw net deposits into the exchange, a sign some investors may be preparing to sell.

The data came from Gate's Netflow Heatmap, which tracks the balance of tokens moving in and out of the platform. The analysis identified voyager token (VGX), amp (AMP), 0x (ZRX), the sandbox (SAND), quant (QNT), yearn.finance (YFI), YFF, chiliz (CHZ), aavegotchi (GHST), decentraland (MANA), jasmycoin (JASMY), and compound (COMP) as the tokens with stronger outflows than inflows.

"Some altcoins are leaving Gate more than others," the analysis said. "This may be an early sign of accumulation."

Exchange withdrawals can mean investors are moving tokens into private wallets rather than keeping them available for immediate trading. The analysis said investors may be prioritizing those assets for accumulation and future speculation. If the withdrawals continue, the reduced exchange supply could support prices in those names, traders familiar with the setup said.

The other side of the ledger held six tokens with stronger inflows: 1INCH, chainlink (LINK), ether (ETH), uniswap (UNI), adventure gold (AGLD), and artificial superintelligence alliance (FET). Deposits to exchanges can reflect a range of objectives, including portfolio rebalancing, liquidity needs, or preparation for potential sales.

"This may indicate that investors are becoming more cautious given the current crypto market conditions, possibly sending these assets to Gate with the intention of selling," the analysis said.

The divergence matters because capital is moving unevenly across the digital asset market. Some investors are pulling exposure from exchanges in selected altcoins. Others are adding to exchange balances in major tokens. The two flows create a divided picture of positioning on a single platform, with no clear directional consensus across the board.

For the outflow group, the next signal is whether the withdrawals accelerate or reverse. A sustained outflow over the next week would strengthen the accumulation thesis, while a return to net inflows would suggest the move was temporary. For the inflow group, rising balances on Gate imply the risk of overhead supply if holders decide to sell. Watch for an increase in active sell orders on those tokens.

Bitcoin traded near $81,000 during the same period. Wintermute said strengthening on-chain data and crypto market analysis and ETF inflows continue to support the largest cryptocurrency. The Gate flow data suggests the rest of the market is not moving in lockstep with BTC.