What Crypto Whales Are Buying After Trump’s Tariff Pause

Crypto whales are making bold moves following Donald Trump’s 90-day tariff pause, with Ethereum (ETH), Mantra (OM), and Onyxcoin (XCN) drawing significant accumulation.

ETH whales pushed holdings to their highest level since September 2023, while OM holders are quietly increasing exposure amid the growing real-world asset narrative. XCN, meanwhile, saw a sharp spike in whale activity alongside a 50% price surge in just 24 hours.

Ethereum (ETH)

The broader crypto market rallied after Donald Trump announced a 90-day pause on tariffs—excluding China—boosting investor sentiment across risk assets.

Ethereum followed suit, with on-chain data showing a rise in crypto whales activity; the number of addresses holding between 1,000 and 10,000 ETH climbed from 5,376 to 5,417 between April 9 and 10, reaching its highest level since September 2023.

Number of Addresses Holding Between 1,000 and 10,000 ETH. Source: Santiment.

If Ethereum can maintain this renewed momentum, it may test key resistance levels at $1,749 and potentially rally further toward $1,954 and $2,104. However, macroeconomic uncertainty still looms.

A sentiment reversal could see Ethereum price retesting the $1,412 support zone. If that level fails, a deeper decline toward $1,200—or even $1,000—is possible.

Some analysts have gone as far as comparing Ethereum’s decline to Nokia’s historical collapse, warning of long-term structural weakness.

Mantra (OM)

Real-world assets (RWAs) on the blockchain have hit a new all-time high, surpassing $20 billion in total value, reinforcing their growing importance as a crypto narrative and sector.

Binance Research also highlighted that RWA tokens have shown more resilience than Bitcoin during tariff-related volatility, further boosting confidence in the sector.

Number of Addresses Holding Between 10,000 and 100,000 OM. Source: Santiment.

With the RWA narrative gaining traction, OM could see significant upside. Between April 6 and April 10, the number of OM whale addresses holding between 10,000 and 100,000 tokens rose from 386 to 389, signaling quiet accumulation.

If OM breaks past the resistance levels at $6.51 and $6.85, it could climb above $7. However, if the momentum fades, a correction could push the token down to $6.11, with further downside risk toward $5.68.

Onyxcoin (XCN)

Onyxcoin (XCN) has surged over 50% in the past 24 hours, breaking above the $0.02 mark as whale accumulation intensifies.

Between April 7 and April 10, the number of addresses holding between 1 million and 10 million XCN rose from 503 to 532, signaling renewed interest from large holders.

Number of Addresses Holding Between 1,000,000 and 10,000,000 XCN. Source: Santiment.

If this strong bullish momentum continues, XCN could rally toward resistance levels at $0.026, $0.033, and even $0.040. However, given the rapid price increase in a short timeframe, a correction may follow.

In that case, XCN could retest support at $0.020, with potential downside extending to $0.014 if selling pressure accelerates.

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