Altcoin holders are not giving up

In the last 1 year :
$LINK holders have grown.
$ALGO holders are steady.
$NEAR holders are constant.
This is happening while the prices have taken a massive hit.
Chainlink holders grew steadily from 500K to 865K over the past year while price dropped from $24 to $8.8.
Algorand holders climbed from 12M to 21.5M while price bled from $0.24 to $0.12.
Near Protocol holders held rock solid around 131M while price slid from $2.4 down to $1.2.
In all three cases, the people actually holding these tokens didn't panic, and they accumulated harder into the drawdown.
So who's selling? Not the holders.
The price damage is coming from leveraged traders getting liquidated, short-term flippers taking profit, and broader market liquidity drying up across risk assets.
The actual on-chain base, the wallets that represent real conviction, expanded through the entire decline.
That divergence between a growing holder base and falling price is one of the most reliable accumulation signals in crypto because it means the weak hands are rotating out while strong hands are quietly loading up at a discount.
When liquidity returns, and it always does, price doesn't just recover.
It snaps back to match the demand base that was building underneath it the entire time.
Source : @tokenterminal