Avalanche (AVAX) network sees a surge in whale transactions, reaching $138.47 million in 24 hours, signaling growing confidence in the network.
Despite network success, AVAX token price lags, trading at  $39.47 with a 13% increase in the past 24 hours.
Avalanche (AVAX), the blockchain network, is making waves in cryptocurrency, with an impressive surge in large transaction volumes initiated by market whales. Data insights from IntoTheBlock (ITB) reveal that in the past 24 hours, Avalanche whales have traded a staggering $138.47 million, marking a significant 261.58% increase. To qualify as a large transaction, IntoTheBlock defines it as one with a value of at least $100,000.
Source:IntoTheBlock
This surge in large transactions signifies a remarkable turnaround for Avalanche, which was once considered one of the less profitable altcoins last year. Today, it boasts highly bullish metrics and has captured the attention of the crypto market.
Whale Transactions on the Rise
In just a short

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