XCN Soars 43% – Onyxcoin Rockets Into Crypto’s Elite Top 100

Another day, another altcoin moonshot—but this one's got teeth. Onyxcoin (XCN) just pulled a 43% vertical climb, barging into the top 100 like a hedge fund trader at an open bar. Here's the breakdown.

The pump no one saw coming

XCN's chart went parabolic while 'serious investors' were busy overanalyzing Bitcoin ETFs. The token now flaunts a market cap hefty enough to make mid-tier alts sweat.

Why this isn't just another shitcoin surge

Unlike meme coins that rise on celebrity tweets, Onyxcoin's infrastructure play—decentralized finance protocols with actual code—might justify the hype. Might.

The crypto casino spins again, and today XCN hit the jackpot. Will it hold? Ask the 'long-term holders' who definitely didn't just dump bags on retail. Meanwhile, Wall Street still thinks blockchain is a type of bike lock.

Why is XCN surging today?

As Bitcoin smashed past $122,000 and ethereum (ETH) surged past $3,000, the Onyxcoin token rallied more than 16% to reach highs of $0.020. This marked the token’s highest level since mid-May and a significant rebound from the June low of $0.012.

While whale activity has supported XCN in recent weeks, the latest breakout has been fueled by key network developments.

On July 12, the team announced that the highly anticipated improvement proposal for Onyx Points had passed. The OIP-60 proposal will activate points rewards for XCN stakers on the Ethereum network and deploy the protocol’s gas-free wallet. Execution was queued and scheduled to go live within approximately 48 hours.

OIP-60 to activate Onyx Points for $XCN stakers on Ethereum and deploy the onyx gas-free wallet has now passed and is queued. The OIP will be executable in approximately 48h ✅https://t.co/KTRPqLS1uZ pic.twitter.com/ELOHiXtsOE

As the token breaks out of a six-month falling wedge pattern, bullish bets have pushed open interest to $21 million. The 16% jump in OI also coincides with a surge in derivatives volume. According to Coinglass, the broader crypto market rally has triggered a 155% spike in this metric.

Interest in Onyxcoin has intensified in recent weeks due to exchange listing and overall market sentiment.

XCN gained momentum following its listing on the top decentralized exchange PancakeSwap and has also benefitted from previous integrations with Coinbase Wallet, Base, and BNB Chain. However, prices have historically seen sharp pullbacks during broader market downturns.