As the cryptocurrency market approaches May 2025, several tokens are drawing attention due to significant movements by large investors. Among them, Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN) stand out. These assets have witnessed an increase in accumulation by major holders over the past week, indicating growing interest from institutional entities despite recent market fluctuations.

Ethereum, currently undergoing a correction phase, has experienced a notable rise in the number of crypto whales—defined as wallets holding between 1,000 and 10,000 ETH. Since April 15, the count of such addresses has climbed from 5,432 to 5,460, marking the highest level since August 2023. Concurrently, the proportion of ETH held by these whales is reaching unprecedented levels, reflecting intensified accumulation by substantial participants. This development could signify optimism regarding Ethereum's long-term prospects; however, it also raises questions about the implications of centralization and the possibility of profit-taking by whales should market conditions shift.

The current price of Ethereum has dropped by over 19% within the last month. Should the downtrend persist, the asset may revisit support at $1,535. A breach of this level could drive prices lower, potentially testing deeper supports at $1,412 and even $1,385. Conversely, a reversal in the trend would encounter resistance at $1,669 and $1,749, with a potential surge towards $1,954 if bullish sentiment strengthens.

In this scenario, the increasing influence of whales could serve as both a stabilizing factor and a source of potential risk, contingent upon their response to shifting market dynamics.

Turning to the Artificial Superintelligence Alliance (FET), the number of FET whales—wallets containing between 10,000 and 1,000,000 tokens—has expanded from 572 on April 13 to 586 by April 19. This gradual rise in large holders aligns with heightened confidence among prominent investors. This trend coincides with a resurgence in the broader artificial intelligence narrative within the crypto space. Prominent AI-related cryptocurrencies, including FET, TAO, and RENDER, have collectively advanced over 9% in the past week, with FET appreciating by more than 8% in the last day and 13.5% over the week. This indicates a potential revival for the AI-focused segment of the crypto market.

Should this upward trajectory continue, FET might approach resistance at $0.659. A successful breakout beyond this threshold could pave the way for additional gains, targeting $0.77 and $0.82 as subsequent objectives. Alternatively, if the rally loses steam, FET could retreat to reassess support at $0.54. A breakdown beneath this level might result in further declines to $0.44.

Given the heightened activity among whales and the strengthened position of the AI sector, FET’s upcoming actions could provide critical insights into the direction of the narrative within the crypto landscape.

Onyxcoin, which performed impressively in January, has seen its momentum wane in recent months. Following a robust recovery—up by over 57% in the last 30 days—the token is now undergoing a correction, declining by 19% in the past seven days. Despite this downturn, accumulation persists. The number of crypto whales holding between 1 million and 10 million XCN has increased from 528 on April 16 to 541, suggesting that certain large investors may be acquiring the dips.

If the correction intensifies, XCN might lose support at $0.0165. A fall below this point could expose further declines towards $0.0139 and $0.0123. However, should the trend reverse, the token could initially test resistance at $0.020. A robust breakout from this level might prompt a move towards $0.027. With whale activity increasing and volatility resurfacing, XCN’s next move could prove pivotal.

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