Onyxcoin significantly increased attention from major investors after the adoption of OIP-59, triggering a price rise.
368 Million XCN Acquired by Whales Post OIP-59
Following the adoption of OIP-59, Onyxcoin has sparked significant whale interest with over 368 million XCN purchases, affecting market dynamics. Existing market sentiments remain cautiously optimistic.
Onyxcoin Price Soars 15% Despite Market
Markets responded with a 15% price increase, pushing total volume over $88 million. Derivative traders, however, have turned sellers, raising doubts about whether current momentum can be sustained.
Historical Link Between Whale Activity and Short-term Gains
Historically, whale activity has marked temporary price gains for Onyxcoin, often followed by retracements due to weak retail support. Market analysts predict potential retracements unless XCN gains broader industry support.
Whale activity in the Onyxcoin market may create short-term opportunities for price growth, but the lack of strong retail investor support could challenge the sustainability of this increase.
