“Ripple can, will, and should act in its own interest,” said David “JoelKatz” Schwartz in response to criticism regarding the firm’s XRP sales.
Ripple Labs is free to sell XRP tokens to raise operational capital, according to comments from the company’s chief technology officer. His remarks have sparked concerns among cryptocurrency investors.
“XRP isn’t a security because Ripple doesn’t actually owe you ‘utility’ or anything else,” Pierre Rochard, vice president of research at Riot Platforms, wrote in a March 5 X post.
“They are free to dump on you and you have no right to do anything about it other than join them in dumping XRP,” Rochard said, cautioning that investors are “not investing in Ripple,” just “getting tokens created out of thin air dumped on you.”
Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN). All three have seen a noticeable uptick in large-holder accumulation over the last week, signaling growing interest from big players despite recent volatility.
While ETH and XCN are both coming off sharp corrections, whale buying suggests confidence in a potential rebound. Meanwhile, FET is riding renewed momentum in the AI sector, with whale activity accelerating alongside rising prices.
Ethereum (ETH)
The number of Ethereum crypto whales—wallets holding between 1,000 and 10,000 ETH—has been steadily climbing since April 15. Back then, there were 5,432 such addresses.
That number has now risen to 5,460, the highest count since August 2023. At the same time, the concentration of ETH held by these whales is also hitting new highs, signaling growing accumulation by large holders.
Number of Addresses Holding Between 1,000 and 10,000 ETH. Source: Santiment.
Ethereum price is currently down more than 19% over the last 30 days. If the correction continues, the price could retest support at $1,535. Losing that level might send ETH toward deeper support at $1,412 or even $1,385.
However, if the trend reverses, key resistance zones lie at $1,669 and $1,749—with a potential push toward $1,954 if bullish momentum builds.
In this context, the growing dominance of whales could act as either a stabilizing force or a looming risk, depending on how they respond to market shifts.
Artificial Superintelligence Alliance (FET)
The number of FET whales—wallets holding between 10,000 and 1,000,000 tokens—increased from 572 on April 13 to 586 by April 19.
This steady growth in large holders points to rising confidence among bigger players. It comes at a time when the broader AI crypto narrative is showing signs of a rebound.
Key AI coins like FET, TAO, and RENDER have all increased over 9% in the last seven days, with FET itself gaining more than 8% in the past 24 hours and 13.5% over the week. This suggests a possible comeback for the artificial intelligence narrative in crypto.
Number of Addresses Holding Between 100,000 and 1,000,000 FET. Source: Santiment.
If this momentum continues, FET could push toward resistance at $0.659. A clean breakout from that level could open the door to further gains, with $0.77 and $0.82 as the next potential targets.
On the flip side, if the rally stalls, FET might drop back to test support at $0.54. A breakdown below that could send it as low as $0.44.
With whale activity heating up and the AI sector showing renewed strength, FET’s next move could be a key signal for where the narrative heads next.
Onyxcoin (XCN)
Onyxcoin was one of the standout performers in January, but its momentum has faded in recent months. After a strong bounce—up of over 57% in the last 30 days, the token is now correcting, down 19% in the past seven days.
Despite this pullback, accumulation continues. The number of crypto whales holding between 1 million and 10 million XCN has grown from 528 on April 16 to 541, suggesting some large holders may be buying the dip.
Number of Addresses Holding Between 1,000,000 and 10,000,000 XCN. Source: Santiment.
If the correction deepens, XCN could lose support at $0.0165. A drop below that may open the door to further declines toward $0.0139 and $0.0123.
But if the trend flips back upward, the token could first test resistance at $0.020. A strong breakout from there might lead to a move toward $0.027. With whale activity on the rise and volatility returning, XCN’s next move could be decisive.
BeInCrypto Indonesia has officially entered an editorial partnership with PT Central Finansial X (CFX), Indonesia’s first and only crypto exchange regulated by the Financial Services Authority (OJK).
The partnership is set to enhance BeInCrypto Indonesia’s editorial output by expanding coverage around regulation updates, token listings, market movements, and user-focused educational content.
“This collaboration is a major achievement in shaping a more informed and responsible crypto media environment, and supporting the national push toward financial inclusion. It allows us to provide deeper insights into the regulatory framework while reaching even more users with high-quality, relevant content.” said Alena Afanaseva, CEO & Founder of BeInCrypto.
CFX’s Regulatory Role and Market Influence
Since its launch in 2023, CFX has helped lay the foundation for a secure and regulated crypto market in Indonesia.
Under Bappebti and now OJK supervision as of January 10, 2025, CFX ensures full compliance across its ecosystem and only lists crypto assets authorized by Indonesian authorities.
As of July 8, 2025, CFX hosts 20 licensed Digital Financial Asset Traders (PAKD), reflecting its leadership in compliance and integrity within the space.
“This collaboration is part of CFX’s effort to continuously provide educational content on crypto assets, which is expected to enhance public understanding of them,” said Subani, President Director of CFX. “As the Operator of the Digital Financial Asset Trading Exchange, including Crypto Assets, CFX is committed to improving public literacy on crypto assets as an investment instrument to support the creation of a high-quality and integrity-driven crypto asset ecosystem.”
As of June 23, 2025, there are 1,153 crypto assets legally tradable in the country, positioning Indonesia as a leading market in the Southeast Asian region.
Also, this editorial partnership strengthens BeInCrypto’s mission to promote transparency, education, and user trust in the Web3 space.
Overall, these core values align with CFX’s regulatory-first approach and Indonesia’s broader digital asset strategy.
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