Whale Bets on Tiny Titans: Low-Cap Altcoins Heating Up in Altseason Surge

With the altcoin season index reaching 80 points in early September, indicating the beginning of an acceleration phase in which funds flow into smaller projects, three low-cap altcoins under $200 million market cap are seeing strong whale accumulation of hype. This phase usually highlights profits for ignored jewels as money turns away from major players, therefore setting the groundwork for possible spectacular increases in these under-the-radar coins.

Leading the charge is Euler (EUL), a DeFi protocol with a $181 million market cap that has bounced back admirably from a 2023 $200 million hack. Its recent Bithumb listing has caused a dramatic fall in exchange reserves to annual lows of 289,000 EUL—over 500,000 tokens removed since August—while TVL soared past $1.5 billion in September; a tenfold yearly increase resulted in a strong 7:1 TVL-to-market cap ratio. This suggests that strong fundamentals are driving the whale purchases and positioning EUL as a top-notch recovery play.

Also attracting whales are COTI, a player in the enterprise blockchain infrastructure, and Robonomics Network (XRT), a speculative robotics-crypto combination with under $10 million cap and little volume. With decreasing exchange reserves amid flat prices suggesting quiet accumulation for next altseason raises, COTI locked 8 million tokens worth nearly $500 million in TVL in July. XRT bets on the crypto-robotics convergence, praised by expert Simon Dedic as the ultimate long-term disruption, therefore providing high-risk, high-reward potential in this developing story.