Crypto Whales Accumulate ETH, FET, XCN Amid Market Volatility

Crypto whales are making significant moves heading into May 2025, with three tokens standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN). All three have seen a noticeable uptick in large-holder accumulation over the last week, signaling growing interest from big players despite recent volatility.

Ethereum (ETH) has seen a steady climb in the number of whales—wallets holding between 1,000 and 10,000 ETH—since April 15. The count has risen from 5,432 to 5,460, the highest since August 2023. This increase in large holders suggests growing accumulation by significant players. However, this also raises concerns about centralization and potential selling pressure if whales decide to take profits.

Artificial Superintelligence Alliance (FET) has also seen a rise in whale activity, with the number of wallets holding between 10,000 and 1,000,000 tokens increasing from 572 on April 13 to 586 by April 19. This growth points to rising confidence among bigger players, coinciding with a rebound in the broader AI crypto narrative. Key AI coins like FET, TAO, and RENDER have all increased over 9% in the last seven days, with FET itself gaining more than 8% in the past 24 hours and 13.5% over the week.

Onyxcoin (XCN) was one of the standout performers in January but has since seen its momentum fade. Despite a strong bounce of over 57% in the last 30 days, the token is now correcting, down 19% in the past seven days. However, accumulation continues, with the number of whales holding between 1 million and 10 million XCN growing from 528 on April 16 to 541, suggesting some large holders may be buying the dip.

In summary, the growing dominance of whales in ETH, FET, and XCN could act as either a stabilizing force or a looming risk, depending on how they respond to market shifts. The renewed momentum in the AI sector and the continued accumulation by large holders suggest a potential comeback for these tokens, but the market remains volatile and unpredictable.