news 
Avalanche Leads Ethereum in Whale Boost, Will AVAX Price Follow?
Avalanche’s massive surge in whale activity has outdone Ethereum, as the market continues to exhibit consolidation. Despite the bears trying to gain control of the crypto space, this sudden uptick in whale transactions is an intriguing sign for Avalanche enthusiasts.
In the last 24 hours, Avalanche (AVAX) whales have been busy, with a staggering 189% increase in transaction volume. This surge surpasses that of Ethereum and Cardano, as reported by IntoTheBlock data. In contrast, Cardano’s whale activity has taken a hit, witnessing an alarming decline of 9%.
It is crucial to note that these figures are limited to transactions worth $100,000 or more, which are either initiated by institutional participants or whales. As the cryptocurrency market continues to consolidate, this sudden surge in whale transactions could potentially catalyze a reversal in price.
AVAX has experienced a 5.06% decline over the last seven days as it battles bearish pressures. At press time, AVAX is trading at $17.26 and has dropped by 3.45% within the past day.
Source: u.today
