What Crypto Whales Are Buying Ahead of the April FOMC Meeting
BeInCrypto reports crypto “whales” accumulating select tokens ahead of the April 29 FOMC meeting, positioning for a pre-FOMC liquidity rotation into altcoins as traders rotate out of equities. Onyxcoin (XCN) saw heavy post-listing movement and renewed whale buying, reversing prior distribution and setting a bullish RSI divergence; a daily close above $0.00608 would target the $0.0086 listing high. Chainlink showed steady accumulation (roughly 4.6M LINK added since April 23) and an inverse head-and-shoulders setup with $9.39 and $10.02 as key breakout levels and a 17% measured target to $11.69. Ethereum whales accumulated ~1.08M ETH (~$2.49B) while exchange reserves hit multi-year lows, with ETH trading around $2,309 and technical support at the 20-day and 100-day EMAs. Overall, on-chain flows suggest bullish positioning in crypto ahead of the Fed decision, with upside targets contingent on specific technical breakouts and supply dynamics.