Crypto Whales Accumulate Optimism (OP), Movement (MOVE), and Onyxcoin (XCN)

Crypto whales have been accumulating Optimism (OP), Movement (MOVE), and Onyxcoin (XCN), signaling potential opportunities despite recent market corrections.

The crypto market has seen some recent turbulence, with major corrections hitting several cryptocurrencies. However, amidst the volatility, crypto whales have been quietly accumulating specific tokens, hinting at potential buying opportunities.

As Optimism (OP) continues its prolonged downtrend, the number of wallets holding at least 10,000 OP has decreased from 4,071 to 4,081 over the past four days.

Optimism (OP)

The crypto behemoths, also known as whales, appear to be accumulating Optimism (OP) in the face of sustained selling pressure. This activity could be a factor to consider for those seeking the best crypto to buy now.

Optimism price has struggled mightily this cycle, with the token down over 81% in the last 365 days. In contrast to other major cryptocurrencies like Bitcoin and Ethereum, which have seen strong surges in 2024, Optimism has seen a bleak year so far.

Since January 5, 2025, OP has remained below $2, highlighting the sustained selling pressure and weak demand.

If this accumulation leads to renewed bullish momentum, OP could attempt to reclaim key resistance levels, starting with $0.87. A breakout above this level could trigger a move toward $1.06, and if bullish momentum strengthens further, OP might even test $1.17.

However, if selling pressure continues and the current bearish trend remains intact, OP could face further declines, potentially dropping below $0.70.

Movement (MOVE)

The crypto whales have also been showing interest in Movement (MOVE), with the number of wallets holding between 10,000 and 1,000,000 MOVE decreasing from 291 on March 2 to 336.

This accumulation comes after MOVE’s Mainnet Beta launch and ETF filings, which have driven increased investor interest.

Additionally, MOVE has been in the spotlight over the past few months, particularly after securing $100 million in Series B funding in January.

While many cryptocurrencies have faced sharp corrections this week, MOVE has remained relatively stable, showing signs of consolidation rather than severe losses.

If this accumulation translates into bullish momentum, MOVE could break out of its consolidation phase and test key resistance levels at $0.55 and $0.59, with a potential extension toward $0.76 if buying pressure accelerates.

However, if a new downtrend emerges, MOVE could face critical support tests at $0.41, and a further breakdown could send it as low as $0.37.

Onyxcoin (XCN)

The number of wallets holding between 100,000 and 10,000,000 Onyxcoin has decreased from 3,681 on March 6 to 3,736, suggesting that crypto whales have been accumulating despite recent market volatility.

Onyxcoin is one of 2025’s top-performing coins, having already increased in value by over 400%. However, after such an explosive rally, Onyxcoin has entered a correction phase, dropping more than 20% in the last seven days.

If XCN can regain its bullish momentum, it could challenge key resistance levels at $0.014 and $0.017, potentially extending gains toward $0.022 if demand strengthens.

However, if the correction deepens, XCN could drop below $0.010 for the first time since January, signaling further weakness in price action.