Crypto Express
06/09 07:59
AVAX Whale transactions dip sharply
Given the current market sentiment, large holders and investors seem to be exiting their positions, further dampening the outlook.
On-chain analytics platform IntoTheBlock reports a sharp decline in whale transactions across all value ranges.
Transactions worth $100K to $1 million have fallen by 65%, while those ranging from $1 million to $10 million have dropped 95%.
Meanwhile, transactions exceeding $10 million have completely halted, marking a 100% decline in high-value activity.This steep drop signals a wider retreat from deep-pocketed investors, weakening AVAX’s structural support.
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