Heading into May 2025, crypto whales are accumulating Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN). ETH and XCN show confidence after corrections, while FET is gaining momentum due to the AI sector’s resurgence. ETH whale numbers have increased, supporting a prediction of potential price moves and market stability. FET may push towards key resistance points, and Onyxcoin’s accumulation suggests bullish sentiment despite recent volatility.
As we approach May 2025, crypto whales are showing significant interest in three key tokens: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN). Notable accumulation by large holders indicates a shift in market sentiment, despite recent volatility affecting all three cryptocurrencies. Both ETH and XCN are rebounding after sharp corrections, reflecting whales’ confidence, while FET benefits from renewed momentum in the AI sector, drawing increased whale activity as prices rise.
In the Ethereum ecosystem, the number of crypto whales—addresses holding between 1,000 and 10,000 ETH—has grown from 5,432 on April 15 to 5,460, a peak since August 2023. This surge in both the number of whale addresses and the concentration of ETH held suggests strong accumulation among large holders. However, while this signals confidence, it also raises concerns about centralisation and potential selling pressure impacting the market. At present, Ethereum’s price is down 19% over the past month, with critical support levels at $1,535, $1,412, and $1,385. Conversely, bullish momentum could see resistance levels at $1,669, $1,749, and a potential increase to $1,954.
For the Artificial Superintelligence Alliance (FET), the count of whales holding between 10,000 and 1,000,000 tokens increased from 572 on April 13 to 586 on April 19, indicating a growing confidence in this sector. The overall AI crypto narrative is witnessing a rebound, evidenced by key AI tokens gaining over 9% recently, with FET itself increasing 8% in the past 24 hours and 13.5% over the week. If positive momentum continues, FET may target resistance at $0.659, potentially breaking toward $0.77 and $0.82. In contrast, a retreat could see support at $0.54 or even $0.44.
Onyxcoin (XCN), which had a strong performance in January, has faced a decline but still shows accumulation, with whale numbers rising from 528 to 541 since mid-April. After a 57% gain in the last month, it has corrected 19% in just a week, indicating volatility. Should further declines ensue, XCN must maintain support at $0.0165; otherwise, it could drop to $0.0139 or $0.0123. If recovery occurs, initial resistance lies at $0.020, with a potential breakout leading to further gains at $0.027. The increasing whale activity indicates that the future trajectory of XCN will be pivotal.
