Massive $54.2 Million Transfer Causes AVAX to Plummet 10%

Avax experienced a sharp 10% drop within hours, likely due to a massive transfer of nearly $54.2 million worth of AVAX tokens to major exchanges. This sudden movement has had a significant impact on the cryptocurrency’s price, raising concerns among investors. Read on to analyse the developments in AVAX.

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Avalanche’s AVAX down 10% following BtcTurk exchange hack

AVAX token falls 10% after BtcTurk, Turkey’s leading crypto exchange, suffers a hack, with 1.96M AVAX moved illicitly. The post Avalanche’s AVAX down 10% following BtcTurk exchange hack appeared first on Crypto Briefing.

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Millions in Bitcoin Withdrawn After 1.96 Million AVAX Transferred to Exchanges: Zachxbt

Onchain detective Zachxbt reported that an entity moved 1.96 million avalanche (AVAX) to various exchanges and subsequently withdrew millions in bitcoin (BTC) after the transaction. As of 8 a.m. EDT today, AVAX has declined almost 10% in the last 24 hours.

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Avalanche (AVAX) Price Prediction Following Massive Selloff

Avalanche (AVAX) price dropped over 10% today following a massive selloff. What does it mean for AVAX’s future?

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Avalanche (AVAX) Drops 8%, Real Reason Uncovered

Avalanche is on track to reach its crucial support level of $23.34 if its market performance continues on a decline, as it has over the last 24 hours. According to Wu Blockchain, an investigation by ZachXBT has revealed what might be fueling the rapid drop in the price of Avalanche.

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Top Cryptos to Watch This Week: Are They the Best Buy Before the End of Q2 2024?

There’s just a week left until the quarter ends, and the traders have refrained from creating volatility within the markets. As a result, the bulls appear to be less active and the bears wait patiently for the next move while both remain vigilant.

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Avalanche Price: AXAX Slips 10% Amid Massive Selloff By An Entity

The Avalanche price has slipped more than 10% today, prompting market concerns. While the market participants were eagerly waiting for the potential reasons that have triggered the recent AVAX price slump, a popular crypto detective ZachXBT has shared crucial insights.

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Altcoin Market Crash: Why Solana, Avalanche, and Others Are Plummeting

The crypto market is in a consolidation phase after a strong rally from October to March. While this is manageable for Bitcoin and Ethereum investors, those holding smaller altcoins are feeling the pinch. The sentiment in crypto communities has turned negative, with many altcoins seeing substantial drops.

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Bitcoin (BTC) Price Dumped to 5-Week Low, Avalanche (AVAX) Slumps 10% Daily (Weekend Watch)

AR is among the few alts with notable gains today.

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