Crypto whales are taking advantage of the 90-day tariff suspension announced by Donald Trump to accumulate positions in selected digital currencies.
This decision reflects a growing investor confidence in risky assets. Cryptocurrencies, including Ethereum (ETH), Mantra (OM) and Onyxcoin (XCN), are attracting significant attention from large-scale investors.
Ethereum (ETH): Holdings Whale At Highs Since September
The crypto market reacted positively to the halt on additional duties. Whale activity on Ethereum showed a strong increase. Between 9 and 10 April, the number of addresses with a holding of between 1,000 and 10,000 ETH rose from 5,376 to 5,417. Current whale holding levels on Ethereum are the highest since September 2023.
Ethereum has the potential to reach resistance at $1,749. Further rises could target the levels of $1,954 and $2,104. However, macroeconomic uncertainties persist. Ethereum's price could return to the support level at $1,412 if there is a change in market sentiment. If it fails to hold this support, the price could fall significantly towards $1,200 or even over $1,000. Some experts have noted similarities between Nokia's fall and Ethereum's current structural vulnerabilities.
Mantra (OM): Grows On The Narrative Of Real Assets (RWA)
The total value of real assets on the blockchain has surpassed $20 billion, reaching a new all-time high. The growing importance of real assets (Real-World Assets) is increasingly a mainstay in the crypto landscape. According to Binance Research, RWA tokens have shown greater stability than Bitcoin during the market turbulence caused by duties.
Mantra (OM) could benefit from the growing interest in real assets. Between 6 and 10 April, whale addresses holding between 10,000 and 100,000 OM tokens rose from 386 to 389, signalling a silent accumulation phase by large investors. If it manages to break through resistance at $6.51 and $6.85, OM could aim to break above $7. A loss of momentum, however, could cause a retracement towards $6.11, with a possible descent to $5.68.
Onyxcoin (XCN): Value Rising Rapidly Thanks to Whales
Onyxcoin (XCN) has risen more than 50% in the past day, crossing the $0.02 mark. The rise coincided with strong hoarding activity by the whales.
Between 7 and 10 April, the number of addresses with holdings between 1 and 10 million XCN rose from 503 to 532, signalling renewed interest from institutional investors. If the bullish trend continues, XCN could reach resistance at $0.026, then $0.033 and possibly $0.040. However, the rapid rise could also lead to a market correction. XCN could retest support at $0.020 and, in case of selling pressure, fall to $0.014.
