Crypto Whales Accumulate Optimism (OP), MOVE, and XCN: Potential Market Trends Amid Ongoing Corrections

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

• OP remains down 81% in the past year, but increased whale holdings suggest a possible trend shift if demand strengthens.

• MOVE and XCN show resilience, with institutional backing and investor accumulation supporting potential breakout scenarios.

Crypto whale accumulation signals potential investment opportunities in OP, MOVE, and XCN, despite recent market corrections.

Optimism (OP)

The number of wallets holding at least 10,000 OP has increased from 4,071 to 4,081 over the past four days, signaling that some larger investors are accumulating despite Optimism’s prolonged downtrend.

Unlike other major cryptocurrencies that have seen strong surges this cycle, OP has struggled significantly, with its price down more than 81% in the last 365 days. Since January 5, 2025, OP has remained below $2, highlighting 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 number of wallets holding between 10,000 and 1,000,000 MOVE has increased from 291 on March 2 to 336, indicating that crypto whales have been actively accumulating.

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 increased from 3,681 on March 6 to 3,736, suggesting that crypto whales have been accumulating despite recent market volatility.

Onyxcoin has been one of the most trending altcoins of 2025, with its price surging more than 400% this year, attracting significant investor interest. 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.

Conclusion

In summary, while the cryptocurrency market faces corrections, the accumulation patterns among OP, MOVE, and XCN suggest that astute investors may find opportunities in these digital assets. By monitoring key resistance levels and market sentiment, traders can navigate potential price movements that align with their investment strategies.