In the run-up to May 2025, prominent cryptocurrency investors are making significant transactions, with particular focus on Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN). These three tokens have witnessed a noticeable surge in accumulation by large holders over the past week, indicating a growing interest from major players despite recent market fluctuations.
Although ETH and XCN have experienced significant price corrections, the increased buying activity by whales suggests a belief in a potential recovery. Conversely, FET is benefitting from a resurgence in the artificial intelligence sector, with whale involvement intensifying as prices climb.
Ethereum (ETH) has seen a consistent rise in the number of crypto whales holding between 1,000 and 10,000 ETH since mid-April, reaching the highest count since August 2023. This uptrend, along with an increase in the concentration of ETH among these large holders, suggests a trend of accumulation. While this indicates confidence in the long-term value of Ethereum, it also raises concerns regarding centralization and potential selling pressure if whales decide to cash out.
The market price of Ethereum has decreased by more than 19% in the last month, with a possibility of further decline towards key support levels at $1,535, $1,412, and $1,385. On the upside, significant resistance levels lie at $1,669 and $1,749, with a potential rally towards $1,954 in case of a bullish trend.
As for FET, the number of whales holding between 10,000 and 1,000,000 tokens has been steadily increasing, indicating growing confidence among major investors. This coincides with a broader positive trend in AI-related cryptocurrencies, with coins like FET, TAO, and RENDER experiencing solid gains recently. If this positive momentum persists, FET could target resistance levels at $0.659, $0.77, and $0.82, whereas a downturn could see it testing support at $0.54 and potentially $0.44.
Onyxcoin (XCN), which exhibited strong performance earlier in the year, has seen a decline in momentum but continues to attract accumulation by whales. Despite a recent pullback, the number of large holders of XCN has increased, suggesting that some investors are utilizing the price dip to increase their positions. In case of a deeper correction, XCN may fall below $0.0165 and potentially drop to $0.0139 and $0.0123. Conversely, a reversal in the trend could lead to a challenge of resistance at $0.020 and possibly a move towards $0.027. Given the rising whale activity and renewed volatility, the next steps for XCN could be crucial.