Global #trading activity

A sudden and substantial transfer of $54.2 million worth of AVAX tokens has sent shockwaves through the cryptocurrency market, resulting in a significant 10% drop in Avalanche (AVAX) prices. This unexpected movement has sparked intense speculation and concern among investors and stakeholders alike.

Recent data from on-chain transactions and trading activity indicate that Ethereum whales are undertaking significant sell-offs, sparking worries about their confidence in the asset's long-term prospects.