Avalanche (AVAX) crypto is capturing attention with significant whale activity in the ecosystem.
Surge in Transactions
According to IntoTheBlock, in the last 24 hours, Avalanche whales completed 158 transactions totaling 8.66 million AVAX, worth $161.4 million. This represents a 249% increase in trading activity within the timeframe, signaling renewed interest in AVAX in the crypto market. Remarkably, these transactions coincide with a slight AVAX price increase of 0.17% to $18.69.
Institutional Interest and Potential
With the increase in Avalanche activity, whales executed 383 transactions valued at $226.92 million over the last seven days, highlighting the influence of large holders on the ecosystem. Notably, World Liberty Financial expressed interest in AVAX by investing in crypto assets through Arkham Intelligence.
Can AVAX Reclaim $25?
Analysts suggest that the movement of substantial funds may represent long-term investment plans in AVAX. Some predictions propose that whales may drive the price growth toward $25 with strategic investments.
Whale activity and institutional interest underscore the potential for AVAX cryptocurrency growth.
