news 
Avalanche News: AI-Powered Layer 1 Sparks Whale Interest in AVAX
The crypto market has been witnessing a surge in whale transactions and trading activity as the price of AVAX, the native token for the Avalanche (AVAX) network, continues to spark interest from large-scale investors. The recent integration of Kite AI on February 6th has further fueled this enthusiasm.
Whale Activity Signals Potential Rebound
According to IntoTheBlock data, a significant spike in whale transactions occurred within the last 24 hours. This substantial increase suggests that institutional investors are taking notice of Avalanche’s growing potential and are now actively participating in the market.
Institutional interest is not all that has been driving this momentum. The incorporation of Kite AI into the Avalanche ecosystem marks a major milestone, allowing for enhanced AI-focused blockchain solutions. These innovative developments have garnered widespread attention from the crypto community.
AVAX, currently trading at $25.16, has seen an impressive 0.76% increase in the past day and a notable 8.13% rise over the past week, as per CoinMarketCap data.
Source: http://www.crypto-news-flash.com
