Crypto Whales Are Making Bold Moves Ahead of May 2025, and Three Tokens Are Standing Out

Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).

Crypto whales are known for their massive movements, and three tokens have seen interesting activity from these large holders.

Artificial Superintelligence Alliance (FET)

The number of FET whales, defined as wallets holding 10,000 to 1,000,000 tokens, increased from 572 on April 13 to 586 by April 19. This signals a persistent interest from bigger players. It also comes as the broader AI crypto narrative shows signs of a rebound.

Indeed, key AI tokens like FET, TAO, and RENDER are up over 9% in seven days.

If this momentum continues, FET could push toward resistance at $0.659. A clean breakout from that level could open the door to further gains, with $0.77 and $0.82 as the next potential targets.

On the flip side, if the rally stalls, FET might drop back to test support at $0.54. A breakdown below that could send it as low as $0.44.

With whale activity heating up and the AI sector showing renewed strength, FET’s next move could be a key signal for where the narrative heads next.

Ethereum (ETH)

The number of crypto whales, defined as wallets holding 1,000 to 10,000 ETH, has been slowly increasing. It stands at 5,460, the highest count since August 2023. At the same time, the total ETH held by these whales is also hitting new highs, signaling growing accumulation by large holders.

While this can be interpreted as confidence in Ethereum’s long-term value, it also raises concerns about centralization and potential selling pressure if whales decide to take profits.

The price of ETH is currently down more than 19% over the last 30 days. If this correction continues, the price could retest support at $1,535. Losing that level might send ETH toward deeper support at $1,412 or even $1,385.

However, if the trend reverses, key resistance zones lie at $1,669 and $1,749—with a potential push toward $1,954 if bullish momentum builds.

In this context, the growing dominance of whales could act as either a stabilizing force or a looming risk, depending on how they respond to market shifts.

Onyxcoin (XCN)

Onyxcoin was one of the standout performers in January, but its momentum has faded in recent months. After a strong bounce—up of over 57% in the last 30 days, the token is now correcting, down 19% in the past seven days.

Despite this pullback, accumulation continues. The number of crypto whales, defined as those holding 1 million to 10 million XCN, has grown from 528 on April 16 to 541. This suggests some large holders may be buying the dip.

If this correction deepens, XCN could lose support at $0.0165. A drop below that may open the door to further declines toward $0.0139 and $0.0123.

But if the trend flips back upward, the token could first test resistance at $0.020. A strong breakout from there might lead to a move toward $0.027. With whale activity on the rise and volatility returning, XCN’s next move could be decisive.