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no one’s talking about this but 📈 BREAKING: $6M whale moves sparking AVAX price swing 🐋📉 can
wait so a $6M whale buy & a $12M move?? 🚀 how high can AVAX go with all this action?!
this whale action got AVAX dropping like it’s hot 🐋📉, but hey, more on-chain activity could mean we’re about
**Key Takeaways**
📉 Avalanche dropped 5% in 24 hours, aligning with the crypto market correction. 📈 Increased on-chain activity hints at a possible price rebound.
**Whales Activity**
🐋 A whale bought 200,000 AVAX worth $6 million. Another moved $12 million to a Coinbase wallet.
**Booming Chain Business**
💰 AVAX trading volume surged by $200 million, nearing $950 billion. DEX activity contributed 33%. Token liquidity was at $3.74 million.
**Development & Price Outlook**
⚙️ Smart contracts on Avalanche tripled in a year. AVAX burned 4.8 million tokens, reducing supply. Potential FIFA NFT token hosting may boost real-world applications.
**Price Reversal**
📉 AVAX fell below a wedge trend. Stabilizing around the 0.75 Fibonacci level, reclaiming the 200 EMA could confirm a reversal. Indecisive market in $22-$26 range, but signs of potential reversal are emerging.
Avalanche: Examining the Impact of $6M Whale Activity on AVAX Prices
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