Onyxcoin (XCN) recently faced a sharp decline, with its price dropping 34% in just one week. This fall stems from significant selling pressure as large investors, often referred to as whales, cut their holdings in the cryptocurrency. This sell-off has caused major concern among traders and investors, triggering questions about the future performance of Onyxcoin in a turbulent market. The shift in whale activity suggests a cautious stance amid prevailing market volatility, which could impact Onyxcoin’s stability going forward. Investors should monitor further developments and market trends closely as the cryptocurrency landscape evolves.