XCN Price Is Up 116% But Young Holders’ Rising Profits Present A Threat

Onyxcoin has delivered one of the strongest performances among small-cap tokens since the start of the year. XCN price surged more than 116%, lifting the token back toward the $0.0100 region after months of weakness. 

This sharp recovery reflects renewed speculative interest and aggressive accumulation. However, rising profits among short-term holders now introduce fresh downside risk.

Onyxcoin Holders Gain Supply

On-chain HODL Waves data shows a significant shift in XCN ownership over the past two weeks. Addresses that acquired Onyxcoin between one and three months ago now control nearly 37% of the circulating supply. 

At the beginning of the month, this cohort held just 19%. Such a rapid increase highlights strong demand from newer participants.

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This wave of accumulation played a central role in reversing XCN’s earlier downtrend. Younger holders typically enter during momentum phases, amplifying price moves through concentrated buying. 

Their growing dominance has helped stabilize the XCN price above recent lows. However, heavy reliance on short-term capital can also increase volatility if sentiment shifts quickly.

Profits Move To Volatile Hands

Broader momentum indicators raise caution despite the strong rally. The MVRV Long/Short Difference remains deeply negative, sitting near -64.9%. This metric suggests short-term holders dominate the supply and are sitting on meaningful unrealized gains. 

Historically, such conditions increase sensitivity to profit-taking behavior. The most profitable cohort includes addresses that accumulated XCN toward the end of 2025 and early 2026. These holders are now well in profit following the rapid rally.

When short-term profitability spikes, selling pressure often rises as investors seek to lock in gains before momentum cools. This dynamic presents a key risk for XCN’s near-term price stability.

XCN Price Is Moving Sideways

XCN price trades near $0.0090 at the time of writing, holding just above the $0.0088 support level. The altcoin has hovered around this zone for several sessions, suggesting indecision among buyers and sellers. Holding this support remains critical for maintaining short-term bullish structure.

Sustaining the rally may prove challenging if short-term holders begin exiting positions. Rising profits increase the incentive to sell quickly. A breakdown below $0.0088 would weaken confidence and could push XCN toward $0.0077. Losing that level would expose the token to deeper downside near $0.0065, erasing much of the recent recovery.

A bullish alternative remains possible if selling pressure stays limited. Should short-term holders refrain from taking profits, XCN could regain momentum. A decisive move above $0.0095 would signal renewed strength.

Clearing that barrier could open the door toward $0.0108, placing the token back above the psychologically important $0.0100 level and invalidating the bearish thesis.

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