What Crypto Whales Are Buying Ahead of the April FOMC Meeting

The April 29 FOMC decision lands with a 99% probability of a rate hold, but on-chain data shows crypto whales are not waiting for Powell’s tone to start positioning. BeInCrypto analysts have identified three tokens seeing decisive whale accumulation in the hours before the meeting, each driven by a distinct logic. One rides a fresh exchange listing into pre-FOMC liquidity flows. Another tracks a steady inverse pattern toward a 17% breakout. The third is being absorbed quietly through a supply-shock window. Onyxcoin (XCN) Onyxcoin (XCN) trades at $0.0058, up 3.15% on the session, after a 64% spike to $0.0086 on April 27 following Upbit’s listing announcement. The South Korean exchange opened KRW and USDT pairs at 07:00 UTC, sending daily volume up 629% to $37 million. Whale activity tells the more interesting story for the FOMC angle. Crypto whale wallets distributed aggressively into the listing rally, with Santiment’s supply-held-by-whales metric falling between April 26 and April 28. XCN Whale Supply: Santiment Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. That distribution has now reversed. Whale accumulation has lifted the metric back to 62.15 billion XCN in the hours before the April 29 FOMC decision, recovering nearly 1.9 billion tokens. The timing matters because the broader crypto market is up at press time as traders rotate out of the S&P 500 ahead of Powell’s press conference. Whales appear to be positioning XCN as a beneficiary of pre-FOMC liquidity flowing into altcoins. FOMC MEETING TOMORROW THERE IS CURRENTLY A 99% CHANCE THAT THE FED WILL LEAVE RATES UNCHANGED PER KALSHI pic.twitter.com/7yQenid5dH— GURGAVIN (@gurgavin) April 28, 2026 The chart confirms the bullish read. Between October 8 and April 28, the daily Relative Strength Index (RSI), a momentum indicator that measures price strength on a 0-100 scale, printed a higher low while price printed a lower low. That bullish divergence is the t...