Here’s the latest on Onyxcoin (XCN): as of early February 2026, XCN is trading around $0.0055, reflecting a short-term dip after an explosive rally earlier in the quarter. This movement follows a period of intense volatility—marked by whale accumulation, strategic expansions, and ecosystem developments—that helped fuel substantial gains throughout January.
That’s the gist. Now, let’s dig into what’s driving these shifts, what might come next, and what to keep an eye on.
XCN soared by approximately 119% in early January 2026, buoyed by announcements—including a Robinhood listing and milestones in its ecosystem such as the Goliath Project and Onyx AI Agent. However, near-term traders are now taking profits: as of February 1, XCN had plunged roughly 2–2.2% in 24 hours, while still outperforming broader crypto markets.
Amid the pullback, large investors—so-called “whales”—accumulated about 290 million XCN (approx. $2.6M) during price dips in mid-to-late January. This trend suggests underlying buyer conviction and may cap downside, even if broad retail sentiment softens.
Price recently traded below key moving averages: the 7-day SMA (~$0.0067) and 30-day SMA (~$0.0074), signaling short-term bearish momentum. Yet, the 60-day bullish structure remains intact unless the token drops below $0.005. On the other hand, broader chart patterns from mid-2025—like bull flags and rising Money Flow Index (MFI)—suggest recurring bullish cycles when catalysts align.
Onyxcoin expanded into South Korea in mid-January, launching a Korean-language website and offering ambassador roles. This move sparked a 15% single-day price rally and helped fuel a 75% rally over the prior month.
The embryo of the Goliath Project—Onyx’s Layer-1 blockchain—and integration with Onyx AI Agent contributed to early 2026 gains. Similar infrastructure-driven surges appeared in early 2025 following announcements of the Onyx XCN Ledger launch and resolution of disputes with Justin Sun.
XCN previously skyrocketed over 1,500% in 30 days during early 2025, driven by hype around a new blockchain launch, whitepaper teasers, token burn discussions, and institutional asset tokenization tools. These moves boosted market cap above $1.3 billion at the time.
XCN is in a consolidation phase, with whales accumulating during dips while technical resistance holds. If the price can reclaim the 7- and 30-day SMAs, it might set the stage for a new rally.
Future triggers could include exchange listings (e.g., Binance, Kraken) or upgrades to tokenomics—like burns or staking incentives. Past rallies often followed similar developments.
Expansion into South Korea worked once; further regional pushes—combined with real utility via Goliath and AI integrations—could drive sustainable demand.
“Whales added about 290 million XCN even as its price declined… This divergence suggests a ‘supply first, price later’ setup.” – on‑chain analysts via CCN
Onyxcoin (XCN) delivered explosive upside in early 2026, led by ecosystem developments and geographic expansion—but now finds itself in a consolidation phase. Whales are accumulating, technical indicators are testing resistance, and short-term price may wander—yet medium-term structure and narrative momentum remain constructive. If the project continues rolling out key upgrades or lands new exchange listings, the foundation is there for a fresh breakout.
Main drivers included the Robinhood listing, the Goliath Project and Onyx AI Agent rollout, and strategic whale accumulation—combined with hype around infrastructure developments.
Profit-taking by short-term traders and technical resistance around moving averages triggered a pullback, though cumulative bullish structure remains intact.
Yes, whales accumulated approximately 290 million XCN during price dips in mid-to-late January 2026, signaling underlying demand.
Watch the 7-day SMA (~$0.0067) and 30-day SMA (~$0.0074)—breaks above could reignite momentum, while price below $0.005 could open further downside.
Historically, exchange listings (e.g., Binance futures, Kraken Pro) coincided with price surges. Renewed listing news may act as a powerful catalyst.
Goliath mainnet, Onyx AI, and expansion into markets like South Korea provide real-world utility and adoption—key for sustained demand beyond speculation.
The crypto markets are currently facing a sharp correction. Bitcoin has sunk nearly 50% from…
Convert 0Rs: The Game-Changing Update Investors Can't Miss delivers exactly what it promises—a clear and…
The answer in plain terms: It's extremely unlikely that Ubit Coin (UBIT) is about to…
If you're wondering what 20 US cents equals in Indian Rupees right now, it comes…
The current price of Mr Mint (MNT) hovers around $0.0403 USD, with a market capitalization…
The current XRP landscape is shaped by renewed institutional interest, regulatory clarity, and entrenched short‑term…
This website uses cookies.
