The post Whale Activity Might Support AVAX Stability Amid Declining Retail Interest appeared on BitcoinEthereumNews.com.

Avalanche (AVAX) is experiencing significant market shifts as whales strategically maintain price levels amidst a decline in retail interest. Transaction volume is notably reduced, yet whale activity suggests a potential stabilization for AVAX’s price despite current losses. “Whale transactions could signify a growing institutional confidence,” stated the Nansen report, emphasizing the contrasting dynamics at play. AVAX faces challenges as whale activity offsets declining retail engagement; a strategic analysis reveals potential stability amidst current volatility. Understanding the Dynamics Behind AVAX’s Price Movements Recent data from Nansen showcases a stark shift in AVAX’s market landscape, with a 74% decline in Active Addresses signaling reduced participation from retail investors. As of now, only 414,234 active addresses contribute to network activity, down from more robust figures earlier in the year. Moreover, transactions have decreased by 34%, totaling 2,990,667, which underscores growing inertia within the retail segment. The diminishing activity raises questions about the sustainability of AVAX’s rally amidst dwindling average users. Source: Nansen Interestingly, amidst this downturn, there has been a remarkable 116% spike in transaction fees, indicating that whales, likely institutional investors, are leveraging the market to their advantage. This resulted in fee collections exceeding $243,280 in just the past week, drawing attention to the increasing dominance of whale influence on overall market mechanics. Impact of Whale Accumulation on Market Trends Recent activity also suggests that whale wallets are positioning themselves favorably in the market. In the last 24 hours alone, these accounts amassed a staggering $10.62 million worth of AVAX, making it one of the most significant accumulations of the year, just shy of the previous record established in April. Source: CoinGlass This week has proven particularly favorable for traders, with a total of $22.96 million worth of AVAX purchased across various exchanges, illustrating a consensus among major players that current prices…

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Filed under: News - @ May 24, 2025 9:18 am